Question
Download Solution PDFSalary of Ananya is first increased by 20%, and then it is decreased by 20%. Change in his salary is :
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Initial salary = S
First, the salary is increased by 20%, then it is decreased by 20%.
Formula Used:
New salary after increase = S × (1 + 20/100) = S × 1.20
New salary after decrease = (S × 1.20) × (1 - 20/100) = S × 1.20 × 0.80
Calculation:
New salary after both changes = S × 1.20 × 0.80 = S × 0.96
The final salary = 0.96S
Change in salary = Final salary - Initial salary = 0.96S - S
Change in salary = -0.04S
The change in salary is a decrease of 4% of the initial salary.
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