Question

Question # 7
Paul gets a hike of 5% in his salary this year. He now earns $21,000. What was Paul's salary last year?
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Virtusa COE(Non-IT) - Hiring FY22-23_V2
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Aptitude
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Revisit
O $20,000
O $14,000
$19,950

Answer 1

the correct answer is 14000

Answer 2

Answer:

Last year Paul's salary was $20,000.

Step-by-step explanation:

A percentage is a number or ratio that can be expressed as a fraction of 100. If we have to calculate percent of a number, divide the number by the whole and multiply by 100. Hence, the percentage means, a part per hundred. The word per cent means per 100

To calculate salary increase percentage in rupees. Percentage Calculation formula is

(New Salary - Old Salary)/ (Old Salary) * 100 = percentage increase.

Step 1: First, multiply the existing salary by the percentage of the raise.

Step 2: Divide the result by 100.

Step 3: Then add the result with current salary.

Let that Paul's salary last was $$y$ last year.

Present salary $= 21,000$

According to question he got an hike of $5%.$%.

So,

$y+(y\times\frac{5}{100} )=21000\\\Rightarrow y+\frac{y}{20}=21000\\ \Rightarrow \frac{21y}{20}=21000\\ \Rightarrow y=\frac{21000\times20}{21} \\\Rightarrow y=20000$

Hence, last year Paul's salary was $20,000.

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