Mr Neo's salary was decreased by 15% when his company was not doing well now his company's financial situation has improved and his boss wants to restore his original salary. By what percentage must his reduce salary be increased?
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The company needs to increase Neo's salary by 17.65%.
Step-by-step explanation:
Neo's salary is decreased by 15% and the company wants to bring it back to original level. But salary is not mentioned.
So let's assume Neo's salary was Rs. 100 originally.
The company decreased his salary by 15% and so he is drawing a current salary of 100 - 15% = Rs. 85.
To reach Rs. 100 back, his salary needs to increase by Rs. 15.
Let us find percentage of increase.
15 = x / 100 * 85
Therefore x = 15 * 100 / 85 = 17.65%
The company needs to increase Neo's salary by 17.65% to bring him back to the original level.
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