Question

Hernando’s salary was $47,500 last year. This year his salary was cut to $38,475. Find the percent decrease

Answer 1

To determine the percentage of decrease that Hernando's salary was cut, we first calculate the total value, then the ratio of this value to the initial one, then we multiplicate by 100, to get it in percent, as follows:

`\begin{gathered} 47,500-38,475=9,025 \\ (9,025)/(47,500)=0.19 \\ 0.19*100=19\text{ \%} \end{gathered}`

From the solution we developed above, we are able to conclude that the salary of Hernando was cut by 19 %