the salary of an employee is increased by 20%. by what percent should the new salary be reduced to restore original salary.
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Answered by
1
8.333% is the answer to solve with linear equation
shailendrajha9pe3pjf:
answr is wrong
then what is the answer?
in my book answer is given 16 2/3 %
50.4 approx
Answered by
14
Taking the sample value to be 100.
A 20% increase means 100*1.2=120.
Thus a total increase of 20.
Now let's find the ratio of 20 to 120 i.e., 20/120=0.1666.
Changing to percentage 0.1666*100=16.6%.
Hence, a decrease of 16.6% to the new salary will restore the original salary.
Hope this helps!
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