SOLUTION: 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 a
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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? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! A convenient annual pay is $100 ( or any number )
7% cut would leave you with:
$93
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The next year, a 10% increase leaves you with:
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The amount of increase is:
The % increase is: or 2.3%
