SOLUTION: A manager starts with a salary of 150000 dollars. After one year he received a 10% pay rise. After another year his pay is cut by 10%. What is his salary after this ?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A manager starts with a salary of 150000 dollars. After one year he received a 10% pay rise. After another year his pay is cut by 10%. What is his salary after this ?      Log On


   

Question 598280: A manager starts with a salary of 150000 dollars. After one year he received a 10% pay rise. After another year his pay is cut by 10%. What is his salary after this ?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Call his starting salary +s+
After 1 year, he makes
+s+%2B+.1s+=+1.1s+
After the next year, he makes
+1.1s+-+.1%2A%28+1.1s+%29+=+1.1s-+.11s+
+1.1s+-+.11s+=+.99s+
and +s+=+150000+
+.99%2A150000+=+148500+
His salary is $ 148,500