the salary of employee is increased by 20% by what percentage should the new salary be reduce to restore the original salar
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The salary of an employee is increased by 20%. By what percentage should the new salary be reduced to restore the original salary?
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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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