Mr. singh is paid as per the number of hours he puts in per month. the rate of pay was increased by 20% per hour, but the number of hours put in by him went down by20%. what is the percentage increase/decrease in his income?
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let's assume his amount of work done is X hours and amount of wage he gets is rsY per hour.Now INCOME = WORK DONE * WAGES ORIGINAL = rsXYnow there is a change in both wage and work done
decrease by 20% for work done,which means .80X (X-20%X)
increase by 20% for the wage,which means 1.2Y(Y=20%Y)NEW=.8X*1.2Y=.96XYone can clearly see the difference is of 4%
decrease by 20% for work done,which means .80X (X-20%X)
increase by 20% for the wage,which means 1.2Y(Y=20%Y)NEW=.8X*1.2Y=.96XYone can clearly see the difference is of 4%
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Answer:
4% decrease
Step-by-step explanation:
Let work done be x
Let wage be y
Income initially = work(no. of hours) * wage = xy
Income after the changes = 0.8x(x-20x/100) * 1.2y(y+20y/100) = 0.96 xy (xy-4xy/100)
Result: Change of 0.4 viz 4% decrease
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