- (i) In 2015 a man was given a pay increase of 10%. In 2016 he suffered a pay cut of 10%
Was he better off as compared to 2014?
(ii) In 2015, a man was given a pay cut of 10%. In 2016 he was given a pay increase of 10%.
Was he better off or worse off as compared to 2014?
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Answer:
Let his pay in 2014 = 100
His pay in 2015= 100 + 10% of 100
= 100+ 10*100/100
= 100+ 10
=110
His pay in 2016 = 110 -10% of 110
= 110 - 10*110/100
= 110 - 11
= 99
In 2016 he was worse off as compared to 2014.
In 2015 he was better off as compared to 2015.
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