Question
Download Solution PDFThe salary of an employee is increased by 10% and then the increased salary is reduced by 10%. The percentage loss in the salary of the employee is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Let the original salary be ₹100.
Calculations:
Step 1: Calculate the increased salary.
⇒ Increased Salary = ₹100 + 10% of ₹100 = ₹100 + ₹10 = ₹110.
Step 2: Calculate the reduced salary after a 10% decrease.
⇒ Reduced Salary = ₹110 - 10% of ₹110 = ₹110 - ₹11 = ₹99.
Step 3: Calculate the loss in salary.
⇒ Loss = Original Salary - Reduced Salary = ₹100 - ₹99 = ₹1.
Step 4: Calculate the percentage loss.
⇒ Percentage Loss = (Loss / Original Salary) × 100 = (₹1 / ₹100) × 100 = 1%.
∴ The percentage loss in the salary of the employee is 1%.
Last updated on Jul 1, 2025
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