BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
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Find the new salary. $41, 608Cost of living adjustment:4.2 percentMerit increase:2 percent
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$33, 930.00
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$69, 160.10
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$23, 204.49
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$44, 187.70
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Explanation:
Detailed explanation-1: -To calculate a 30% hike in your salary, you need to compute 30% of your current salary and then add that sum to your current pay. For instance, let’s say you earn ₹50, 000 a month at the moment. 30% of this sum comes up to ₹15, 000. So, a 30% hike in your current salary will add up to ₹65, 000 (i.e. ₹50, 000 + ₹15, 000).
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