A man's salary is increased by 40% and then decreased by 30%. What is the net effect on his salary?
Show answer & explanation
Correct answer: A
Explanation
Let the initial salary = ₹100
Salary after 40% increase = 100 + 40 = ₹140
Reduction = 30% × 140 = ₹42
Final salary = 140 − 42 = ₹98
Change = 100 − 98 = a decrease of ₹2
Percentage decrease = (2/100) × 100 = 2%