document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=916694>Question 916694</A>: <I><SPAN STYLE=\"word-break: break-all;\"> \"Steve, I need you to take a 50% pay cut, but than you'll get a 75% raise in 6 months. If Steve presently makes $10 per hour, how much will he make after the cut? After the raise? Should he take this deal?\r<BR>\n" );
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document.write( "Thank you to whoever helps me with this math problem!  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #556219 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=556219\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "He starts at $10 an hour. \r<BR>\n" );
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document.write( "He takes a 50% pay cut, so he goes from $10 an hour to $5 an hour (50% of $10 is $5, $10-$5 = $5)\r<BR>\n" );
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document.write( "He makes <font color=\"red\">$5 an hour</font> after the pay cut.\r<BR>\n" );
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document.write( "Then he'll get a 75% raise in 6 months.\r<BR>\n" );
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document.write( "75% of $5 = 0.75*5 = 3.75\r<BR>\n" );
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document.write( "Add this to $5:  5+3.75 = 8.75\r<BR>\n" );
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document.write( "His new wage after the raise is <font color=\"red\">$8.75 an hour</font>\r<BR>\n" );
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document.write( "Summary: He goes from $10 per hour to $5 per hour, then to $8.75 an hour. This is a horrible deal because he not only has to deal with awful pay for 6 months ($5 an hour, possibly below minimum wage) and then his final wage is below where he started. If Steve didn't know his math, this may sound like a good deal. However, doing the math shows us otherwise. We haven't even factored in inflation, or other expenses (eg taxes, social security, etc), which take even more away.\r<BR>\n" );
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document.write( "Should he take this deal? No, he should NOT take this deal. If he does, then it will take him a long time just to get back to his original wage of $10 (this is assuming he even gets a raise at all). This will happen with inflation in the background going on which will ultimately lower his standard of living.\r<BR>\n" );
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document.write( "Let me know if you need more help or if you need me to explain a step in more detail.<BR>\n" );
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document.write( "Thanks,\r<BR>\n" );
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document.write( "Jim  </SPAN>\n" );
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