Question

Find last​ year's salary​ if, after a 5 % pay​ raise, this​ year's salary is $34,125.

Answer 1

Let last year's salary be y;
As a percentage, last year's salary was 100%
After a 5 percent raise, the new salary is 105%;
The 105% is equivalent to 34,125;
The older salary was;
=$\frac{34125*100}{105}$
= 32,500 dollars