Question

The salary of Manoj is first increased by 10% and then decreased by 10% then the total change occured is:

• A. 1% gain
• B. 1% loss
• C. no change
• D. 5% loss

Answer 1

Answer:

B. 1% loss

If the salary of manoj is 100 salary of Manoj is first increased by 10% = 100 × 10/100 = 10 new salary = 100 + 10 = 110 Next salary of manoj decreased by 10% = 110 × 10/100 = 11 new salary = 110 - 11 = 99 total change occured = (100 - 99)/100 = 1% loss OR (10x10/100)%loss = 1% loss