Set Up an Equation That Can Be Used to Solve

question 59

Multiple Choice

Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
-Ming got a 19% raise in her salary from last year. This year she is earning $226,100. How much did she make last year?

• A) $190,000
• B) $4,295,900
• C) $36,100
• D) $11,900

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Definitions:

Investment Property

Real estate property that is purchased with the intention of earning a return on investment through rental income, the future resale of the property, or both.

Stocks

Shares of ownership in a corporation, representing a claim on part of the corporation's assets and earnings.

Commodity Contracts

Commodity contracts are legally binding agreements for the purchase or sale of physical goods or raw materials at a predetermined price and future date.

Buyer

A buyer is a person or entity that purchases goods or services from a seller in exchange for money or other consideration.