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\frac{23}{20}x-\frac{90}{100}\left(x-500\right)=950
Reduce the fraction \frac{115}{100} to lowest terms by extracting and canceling out 5.
\frac{23}{20}x-\frac{9}{10}\left(x-500\right)=950
Reduce the fraction \frac{90}{100} to lowest terms by extracting and canceling out 10.
\frac{23}{20}x-\frac{9}{10}x-\frac{9}{10}\left(-500\right)=950
Use the distributive property to multiply -\frac{9}{10} by x-500.
\frac{23}{20}x-\frac{9}{10}x+\frac{-9\left(-500\right)}{10}=950
Express -\frac{9}{10}\left(-500\right) as a single fraction.
\frac{23}{20}x-\frac{9}{10}x+\frac{4500}{10}=950
Multiply -9 and -500 to get 4500.
\frac{23}{20}x-\frac{9}{10}x+450=950
Divide 4500 by 10 to get 450.
\frac{1}{4}x+450=950
Combine \frac{23}{20}x and -\frac{9}{10}x to get \frac{1}{4}x.
\frac{1}{4}x=950-450
Subtract 450 from both sides.
\frac{1}{4}x=500
Subtract 450 from 950 to get 500.
x=500\times 4
Multiply both sides by 4, the reciprocal of \frac{1}{4}.
x=2000
Multiply 500 and 4 to get 2000.