John's salary last year was $80000. Last year he got a raise of 10%. This year the company lost money and his salary was cut back to $80000. By what percent did his salary decrease this year?
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Answer:
9.09 %
Step-by-step explanation:
John Salary = $80,000.
Raise = 10% of salary = 10/100*80,000=$8000
New Raised Salary = 80000 + 8000 = $88000
Cut back = 80000
Decrease % = (88000-80000)/88000*100
Decrease % = 8000/88000*100
Decrease % = 9.09%
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