BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
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Find the new salary.Present salary:$32, 800Cost of living adjustment:4.1 percent.
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$32, 000
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$3, 4144
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$34, 144.80
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$23, 204.49
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Explanation:
Detailed explanation-1: -How is the hike percentage calculated? (New salary – Old Salary) / Old Salary * 100 = Hike percentage.
Detailed explanation-2: -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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