Question
Download Solution PDFVijay’s salary was first reduced by 16% and subsequently raised by 11%. What percentage was his final salary lower compared to his initial salary?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Salary reduced by 16%
Salary increased by 11%
Formula used:
Final salary = Initial salary × (1 - Reduction %) × (1 + Increase %)
Percentage decrease = ((Initial salary - Final salary) / Initial salary) × 100
Calculation:
Let's the Initial salary = ₹100
Final salary = 100 × (1 - 0.16) × (1 + 0.11)
⇒ Final salary = 100 × 0.84 × 1.11 = ₹93.24
Percentage decrease = ((100 - 93.24) / 100) × 100
⇒ Percentage decrease = (6.76 / 100) × 100
⇒ Percentage decrease = 6.76%
∴ The correct answer is option (1).
Last updated on Jul 17, 2025
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