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Posted by on Wednesday, July 15, 2009 at 6:32pm.

Allen was earning $30,000 working for a small business. The business had a bad year, and Allen was asked to take a 10% cut in pay with the assurance that he would receive a 10% increase in salary the following year. If Allen agreed, what would be his salary in 2 years?

  • math - , Wednesday, July 15, 2009 at 6:49pm

    OK. Aleah and all of your aliases -- it's your turn now. How do you think you should solve this problem?

    Please post what you think -- and we'll be glad to check it.

  • math - , Wednesday, July 15, 2009 at 6:56pm

    30000*10%= 3000
    30000-3000=27000

    30000+10%=33000
    30000+20%=36000

    In two years, his salary will be $36,000.

  • math - , Wednesday, July 15, 2009 at 7:00pm

    That's a good try.

    However, you need to use his reduced salary as a base.

    27,000 * 1.1 = 29,700 the first year

    29,700 * 1.1 = 32,670

  • math - , Wednesday, July 15, 2009 at 7:07pm

    Thanks!

  • math - , Wednesday, July 15, 2009 at 7:22pm

    You're welcome.

  • math - , Monday, March 7, 2016 at 10:46am

    $9 per hour, but now she makes 150% of that amount.

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