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An employee earns $
20.25
per hour after receiving a
8
% raise. What was the employee's hourly pay before raise? Round your answer to the nearest cent.

The employee's pre-raise salary was $ ____

An employee earns 2025 per hour after receiving a 8 raise What was the employees hourly pay before raise Round your answer to the nearest cent The employees pre class=

Respuesta :

MrRoyal

The employee's pre-raise salary was $18.75

What was the employee's hourly pay before raise?

The given parameters are

New hourly pay = $20.25

Raise = 8%

The new hourly pay of the employee is calculated using

New hourly pay = Pre-raise salary * (1 + raise)

This gives

20.25 = Pre-raise salary * (1 + 8%)

Divide both sides by 1 + 8%

Pre-raise salary = 18.75

Hence, the employee's pre-raise salary was $18.75

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