document.write( "Question 918526: You receive a 7 percent cut in pay one year, followed by a 10 percent increase the following year? What is the overall percent increase or decrease over the two years? I tried to add negative 7 by 10 percent, which got me the answer of 3 percent. Am I right, or did I miss a step? \n" ); document.write( "

Algebra.Com's Answer #557110 by josmiceli(19441) $\"\"$ $\"About$

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A convenient annual pay is $100 ( or any number )
\n" ); document.write( "7% cut would leave you with:
\n" ); document.write( " $\"+100+-+.07%2A100+=+93+\"$
\n" ); document.write( "$93
\n" ); document.write( "-----------
\n" ); document.write( "The next year, a 10% increase leaves you with:
\n" ); document.write( " $\"+93+%2B+.1%2A93+\"$
\n" ); document.write( " $\"+93+%2B+9.3+=+102.3+\"$
\n" ); document.write( "---------------------
\n" ); document.write( "The amount of increase is:
\n" ); document.write( " $\"+102.3+-+100+=+2.3+\"$
\n" ); document.write( "The % increase is:
\n" ); document.write( " $\"+2.3+%2F+100+\"$ or 2.3%\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

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