Tutor HuntResources Engineering Resources
Maths
Financial mathematics
Date : 29/08/2024
Author Information

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