Question 918526
A convenient annual pay is $100 ( or any number )
7% cut would leave you with:
{{{ 100 - .07*100 = 93 }}}
$93
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The next year, a 10% increase leaves you with:
{{{ 93 + .1*93 }}}
{{{ 93 + 9.3 = 102.3 }}}
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The amount of increase is:
{{{ 102.3 - 100 = 2.3 }}}
The % increase is:
{{{ 2.3 / 100 }}} or 2.3%