Ramesh’s salary was reduced by 10% and then the reduced salary was increased by 10%.What was his ultimate loss?0%10%1%5%
Question
Ramesh’s salary was reduced by 10% and then the reduced salary was increased by 10%. What was his ultimate loss?
- 0%
- 10%
- 1%
- 5%
Solution
Let's assume Ramesh's initial salary was 100 units.
Step 1: His salary was reduced by 10%. So, the reduction = 10/100 * 100 = 10 units. Therefore, his reduced salary = 100 - 10 = 90 units.
Step 2: This reduced salary was then increased by 10%. So, the increase = 10/100 * 90 = 9 units. Therefore, his final salary = 90 + 9 = 99 units.
So, his ultimate loss = Initial salary - Final salary = 100 - 99 = 1 unit.
Therefore, his ultimate loss is 1%.
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