A person's salary was increased by 50% and subsequently decreased by 50%. How much percentage does he lose or gain?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Loss of 25%
Given:
A person's salary was increased by 50% and subsequently decreased by 50%.
Concept Used:
Decrease in salary = Original salary - Final salary
Explanation:
Let the original salary be Rs.100.
According to the question -
New salary = 100 + 50% of 100 = Rs.150
The salary was decreased by 50%.
Final salary = 150 - 50% of 150 = 75
Decrease in salary = 100 - 75 = 25
Required percentage = × 100 = 25%
Hence his loss is 25%.