A man's salary increased by 12%. If his present salary
is 13,440, find the previous salary.
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Answer:
To keep it simple for calculation, take salary as rs 100
After hike of 8 and 12, the salary becomes 108 and 120.96
For this 12% is reduced which is 14.52(approx to next digit)
Subtract 14.52 from 120.96 to get 106.44
So the effective change is 6.44%
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