A person was given a salary increment of 25%, then again after one month he was given another
increment of 25%. Now what percent extra salary does he get compared to his initial salary?
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Answer:
Let the initial salary be ₹ 100.
On getting an increment of 25 %,
New salary = 100 + 25 % of 100
On solving we get,
New salary = ₹ 125
On getting a second increme of 30 %,
Latest salary = 125 + 30 % of 125
Latest salary = 125 + 37.50
On simplifying we get,
Latest salary = ₹ 162.50
Now,
Overall increment in the salary = Latest salary - Initial salary = ₹ 162.50 - ₹ 100 = 62.50
Now,
Percentage increment in salary = ( 62.50 / 100 ) * 100 = 62.5 %
Your required answer will be 62.5 %.
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