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Chapter 3: Q. 117 (page 334)

Hernando鈥檚 salary was \(49,500 last year. This year his salary was cut to \)44,055. Find the percent decrease.

Short Answer

Expert verified

The percent decrease in his salary is 11%.

Step by step solution

01

Step. 1 Given Information

Hernando's salary last year was $49,500.

But his salary cuts and now his new salary is $44,055.

02

Step. 2 Percentage calculation

The change in his salary is $44,055 - $46,500 = -$5,445.

Now, the percent change in his salary will be calculated as follows:

=ChangeinhissalaryOldsalary脳100%=-5,44549,500脳100%=-0.11脳100%=-11%

This negative sign shows that the change is negative and it is percent decrease.

Therefore, 11% will be the percent decrease.

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