Q. Russel's income was first increased by 15%, then decreased by 8%. If his
latest income is 37260, then find his original income.
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approximately 35217.39
Step-by-step explanation:
Let Russel have an income of 100.
After an increase of 15% it becomes 115
But an 8% reduction on 115 is 115 - 8 x 115 / 100 = 115 - 9.2 = 105.8
So if 105.8 is 37260
then 100 is 37620 / 1.058 = 35217.39130434782608695652173913
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Russel’s intermediate income decreased by 8% is 37260
So 92% of Russel’s intermediate income is 37260
Then 100% Russel’s intermediate income = 40500
This is 115% of Russel’s original income
So 115% Russel’s original income = 40500
Then 100% Russel’s original income
= 40500/1.15 = 35217.39130434782608695652173913
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