Question

John's salary last year was $80000. Last year he got a raise of 10%. This year the company lost money and his salary was cut back to $80000. By what percent did his salary decrease this year?

Answer 1

9.09%

Explanation:

John Salary = $80,000.

Raise = 10% of salary = 10/100*80,000=$8000

New Raised Salary = 80000 + 8000 = $88000

Cut back = 80000

Decrease % = (88000-80000)/88000*100

Decrease % = 8000/88000*100

Decrease % = 9.09%