Question

The salary of an employee was first increased by 10% and thereafter decreased by 7%. What was the change in his salary?

• A. 4.5% increase
• B. 2.3% decrease
• C. 5.6% decrease
• D. 2.3% increase

Answer 1

Answer:

D. 2.3% increase

(100+10) (100-7)/100 = (110x93)/100 = 1023/10 = 102.3 102.3 - 100 = 2.3% increase