Tutor HuntResources Engineering Resources

Maths

Financial mathematics

Date : 29/08/2024

Author Information

Muhammad

Uploaded by : Muhammad
Uploaded on : 29/08/2024
Subject : Engineering

If an employee salary increased by 25% to 23500 GBP , what was his previous salary.

Solutions :

Let the previous salary =X

25% of the previous salary=25%*X

 ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ;  ; =(25/100)*X

New salary =X+(25/100)*X

23500=x(1+0.25)

23500=x(1.25)

So, x=23500/1.25

X=18800GBP

New salary=18800GBP

This resource was uploaded by: Muhammad

Other articles by this author