Raj always saves 50% of his salary. If his salary decreases by 10% , his savings will decrease by $300. How much is Raj's original salary?

Question

Raj always saves 50% of his salary. If his salary decreases by 10% , his savings will decrease by $300. How much is Raj's original salary?
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Solution 1

Step 1: Let's denote Raj's original salary as X. Since Raj saves 50% of his salary, his savings are 0.5X.

Step 2: If his salary decreases by 10%, his new salary becomes 0.9X. Since his savings decrease by $300, his new savings are 0.5X - $300.

Step 3: However, since he still saves 50% of his new s Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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