a professional basketball player just signed a contract that has a 10 % raise in base salary from last year to this year . the contract also has provisions for a performance bonus of up to $ 10000 . if he earns the maximum performance bonus , his new effective salary will be a 10.5 % raise over last year ' s total salary , when he received no performance bonus . assuming he earns the full performance bonus , what will be his new salary ?
let x = old salary then ( 1 + . 10 ) * x + 10000 = ( 1 + . 105 ) * x i . e . new base salary + 10000 = effective new salary thus 1.1 * x + 10000 = 1.105 * x 10000 = . 005 * x 2000000 = x thus the new effective salary is 1.105 * 2000000 = 2210000 e
divide(const_4, const_2)