Answer:
Step-by-step explanation:
Let x be last year's salary.
100%x + 8/100 x = 40120
100x/(100) + 8/100x = 40120
108x/100 = 40120
1.08x = 40120
x = 40120/1.08
x = 37148.14
Now if you take 8% of 37148.14 = 2971.85
And add it to 37148.14
You should get the current earning 40119.99
You are within a penny of the same answer. This question will not work out evenly because 1.08 does not divide evenly into 40120.
