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?
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.
30000*10%= 3000
30000-3000=27000
30000+10%=33000
30000+20%=36000
In two years, his salary will be $36,000.
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
Thanks!
You're welcome.
$9 per hour, but now she makes 150% of that amount.
To calculate Allen's salary in 2 years, let's break it down step by step.
Step 1: Calculate the 10% pay cut.
To find out how much Allen's salary would be after a 10% pay cut, we need to calculate 10% of his current salary:
10% of $30,000 = $30,000 * 0.10 = $3,000
So, after the pay cut, Allen's salary would be $30,000 - $3,000 = $27,000.
Step 2: Calculate the 10% increase.
Next, we need to calculate how much Allen's salary would increase after a 10% increase to $27,000.
10% of $27,000 = $27,000 * 0.10 = $2,700
Therefore, Allen's salary would increase by $2,700.
Step 3: Calculate Allen's salary in 2 years.
To find Allen's salary in 2 years, we need to consider the changes from step 1 and step 2.
Allen's salary in 2 years would be calculated by adding the 10% increase to the salary after the 10% pay cut:
$27,000 + $2,700 = $29,700
Therefore, Allen's salary in 2 years would be $29,700.