The monthly salary of an employee in 2015 was ₹24000. It increased by 12 percent in 2016 and by 10% in 2017. What is his salary in 2017?
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A
Rs. 140000
Let the salary before the increment be Rs.100. Then,
Increase in salary =Rs.10
∴ Increased salary =Rs.(100+10)=Rs.110
If increased salary is Rs. 110, original salary =Rs.100
If increased salary is Rs. 154000, original salary =Rs.(
110
100
×154000)=Rs.140000
Hence, the salary of the man before increment was Rs.140000.
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