The salary of Ramesh first increases by 35%, then decreases by 40%, then again increases by 25%. Find the overall increase or decrease percentage.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. increase 1.25%
According to the question
the successive change in percentage of increases by 35%, then decreases by 40%
= 35 - 40 - 35 * 40/100 = -5 - 14 = 19% decrease
Now, the overall increase or decrease percentage = 25 - 19 - 25*19/100
= 6 - 19/4 = 6 - 4.75 = 1.25% increase