5000 union members of a financially troubled company accepted a 17% pay cut. The company announced t

5000 union members of a financially troubled company accepted a 17% pay cut. The company announced that this would save them approximately $108 million annually. Based on this information, calculate the average annual pay of a single union member

Let the full salary of the union members be s. Since 17% is 0.17, We're given:
0.17s = 108000000

To solve this equation, we type it in our search engine and we get:
s = 635,294,117.65

Calculate the average annual pay of a single union member:
Average Pay = Total Pay / Number of Union Members
Average Pay = 635,294,117.65 / 5000
Average Pay = 127,058.82