Question

Jed works for Metal Fabricators, Inc. Which just lost a large contract and has asked employees to take a 12 percent pay cut. If Jed now makes $34,500 per year, what will his yearly pay be after the pay cut?

Answer 1

Answer:
`\$30,360`

Explanation:

Given

Jed makes
`\$34,500` per year

After the loss of contract, a paycut of 12% is there

The amount after the paycut is

`\Rightarrow 34,500(1-0.12)\\\Rightarrow 34,500* 0.88\\\Rightarrow \$30,360`