BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Find the new salary.Present salary:$32, 800Cost of living adjustment:4.1 percent.
A
$32, 000
B
$3, 4144
C
$34, 144.80
D
$23, 204.49
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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