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OpenStudy (anonymous):
An employer's new salary is 24,780 after getting a new raise of 5%. What was his salary before the increase in pay?
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OpenStudy (anonymous):
an increase of 5% means the original amount was multiplied by \(1.05\) so you can solve \[1.05P=24,780\] via \[P=24,780\div 1.05\]
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