In: Finance
After a one-half increase of his current hourly wage, a man receives a new hourly wage of $24.02. How much was his hourly wage before the increase?
The hourly wage before the increase was $ ______.
Please explain step by step.
The hourly wage before the increase was $16.01 | |
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Statement showing Computations | |
Particulars | Amount |
New Hourly Wage | 24.02 |
Let old wage be x | |
x + .50x = 24.02 | |
1.5 x = 24.02 | |
Old Hourly wage = $16.01 |