Question 423771
let the sportsman earn ibitially x
increase in salary = 7%

His salary becomes x+0.07x= 1.07x
..
He gets a cut of 3.5% 

His salary becomes 1.07x - 1.07x*0.035
His salary = 1.03x
1.03x = 55478.9115
Rs.53,863.0209.initially