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If the salary of a person was first increased by 10% and later, the same was reduced by 10%, then the net change in his salary is
  • a)
    1% decrease
  • b)
    1% increase
  • c)
    2% decrease
  • d)
    11% increase
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
If the salary of a person was first increased by 10% and later, the sa...
Let the salary = 100
Salary hike = 10%
Increased salary = 110
Salary decreased = 10% of 110 = 11
Now, the salary is 110 - 11 = 99
% change = 100 - 99 = 1% decrease
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Community Answer
If the salary of a person was first increased by 10% and later, the sa...
Let the salary = 100
Salary hike = 10%
Increased salary = 110
Salary decreased = 10% of 110 = 11
Now, the salary is 110 - 11 = 99
% change = 100 - 99 = 1% decrease
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If the salary of a person was first increased by 10% and later, the same was reduced by 10%, then the net change in his salary isa)1% decreaseb)1% increasec)2% decreased)11% increaseCorrect answer is option 'A'. Can you explain this answer?
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