The salary of a worker is first increased by 30% and later reduced by 28.5%. What is the net change in his salary?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 7.05% decrease.
Let Initial salary = 100
Final salary = 100 × (130/100) × (71.5/100) = 92.95
Net decrease = 100 - 92.95 = 7.05%