Question

Jon just received a job offer that will pay him 12% more than what he makes at his current job. If the salary at the new job is 68,000. What is his current salary? Round to the nearest cent.

Answer 1

Let be "x" Jon's current salary.

According to the information given in the exercise, the salary at the new job is 68,000 and this is 12% more than his salary at his current job.

To convert from percent to a Decimal number, you can divide by 100. Then:

`(12)/(100)=0.12`

Therefore, knowing that information, you can set up the following equation:

`x+0.12x=68,000`

Now you can solve for "x" in order to find its value:

`\begin{gathered} 1.12x=68,000 \\ \\ x=(68,000)/(1.12) \\ \\ x\approx60,714.29 \end{gathered}`

The answer is:

`60,714.29`