The salary of an employee is increased by 10% and then the increased salary is reduced by 10%. The percentage loss in the salary of the employee is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 1%.
Net change = (a + b + ab/100)
Here, a = +10, b = -10
⇒ Net change = 10 - 10 + (10×-10)/100 = 0 - 1 = 1%