Answer:
Original Salary: [tex]5,957.14[/tex]
Increase in 3%: [tex]6,135.85[/tex]
Step-by-step explanation:
So when something increases by x%, the new value is (100+x)% the original value. So 6255, is 105% the original value. This means to find the original value, we have to find the number that has 6255 as 105% of it's value. Whenever you try to find x% of a number, you multiply it by the decimal value of the percentage, which is found by dividing by 100. So to find x%, you do: [tex]o*\frac{x}{100}[/tex] where o = original value, x=percent. In this case the percent is 105%, which when divided by 100 is 1.05. So this gives us the equation: [tex]o*1.05=6255 \implies o = \frac{6255}{1.05} = 5,957.14[/tex]. This is his original salary. You need to do this process, do not make the mistake of subtracting 5% from 6255. This is because 5% of 6255 does not equal the 5% of the original value. 5% of 6255 should be greater than 5% of the original value, since the new value is an increase of 5%. So since we have his original salary, we can calculate the salary increase had it been 3%. to do this we multiply by 1.03 (103% divided by 100). This gives us the equation: [tex]5,957.14*1.03=6,135.85[/tex]
