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\frac{300}{1.15}=y
Divide both sides by 1.15.
\frac{30000}{115}=y
Expand \frac{300}{1.15} by multiplying both numerator and the denominator by 100.
\frac{6000}{23}=y
Reduce the fraction \frac{30000}{115} to lowest terms by extracting and canceling out 5.
y=\frac{6000}{23}
Swap sides so that all variable terms are on the left hand side.