Question

To deal with slumping sales, Eric's boss cut his salary by 15%. If Eric was making $52,000 per year, what will be his new annual salary? Round to the nearest tenth of a percent, as necessary.

Answer 1

To find Eric's new annual salary after a 15% cut, you multiply his original salary of $52,000 by 0.15 to find the cut amount ($7,800) and then subtract it from the original salary to get the new salary of $44,200.

Step-by-step explanation:

To calculate the new annual salary for Eric after his boss cut it by 15%, we first need to find the amount of the cut. To do this, we multiply Eric's original salary by the percentage of the cut.

Original Salary: $52,000

Percentage of cut: 15%

Amount of cut = Original Salary × Percentage of cut

Amount of cut = $52,000 × 0.15

Amount of cut = $7,800

Now subtract the amount of the cut from the original salary to find the new salary:

New Salary = Original Salary - Amount of cut

New Salary = $52,000 - $7,800

New Salary = $44,200

Therefore, Eric's new annual salary, after a 15% reduction, will be $44,200.