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VanillaAngelic

  • one year ago

A man accepts a new job at a decrease in salary of 10%. If a year later, he gets an increase of 25% in his new job, what is the net effect in comparison to his salary on the old job? Please EXPLAIN.

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  1. jim_thompson5910
    • one year ago
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    Let's say he earns $100 a year at his old job If he takes a 10% paycut, then what is the new salary?

  2. VanillaAngelic
    • one year ago
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    What is a paycut?

  3. jim_thompson5910
    • one year ago
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    a reduction in pay

  4. VanillaAngelic
    • one year ago
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    90 right?

  5. jim_thompson5910
    • one year ago
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    correct

  6. jim_thompson5910
    • one year ago
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    now increase that by 25%

  7. VanillaAngelic
    • one year ago
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    112.5?

  8. jim_thompson5910
    • one year ago
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    good

  9. VanillaAngelic
    • one year ago
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    Is that the answer?

  10. jim_thompson5910
    • one year ago
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    not there yet

  11. jim_thompson5910
    • one year ago
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    now compare 112.5 with 100

  12. jim_thompson5910
    • one year ago
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    first subtract: 112.5 - 100 = 12.5 then divide by the original 100: 12.5/100 = 0.125 = 12.5%

  13. VanillaAngelic
    • one year ago
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    Compare? Subtract?

  14. jim_thompson5910
    • one year ago
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    so in the end, he has a 12.5% pay raise

  15. VanillaAngelic
    • one year ago
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    Oh. I get it now. Thank you ^___^

  16. jim_thompson5910
    • one year ago
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    no problem

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