Question : The salary of Arpit fell by 5% after 1 year and further fell by 8% after the second year due to bad performance. Initially, his salary was INR 80,000. What is his current salary (in INR)?
Option 1: 69620
Option 2: 69920
Option 3: 70920
Option 4: 65720
Correct Answer: 69920
Solution :
Given: Initial salary = 80000
$a$ = 5% and $b$ = 8%
Now,
Final salary = Initial salary $×\frac{100 - a}{100}×\frac{100 - b}{100}$
= $80000×\frac{100 - 5}{100}×\frac{100 - 8}{100}$
= $80000×\frac{95}{100}×$ $\frac{92}{100}$
= INR 69920
Hence, the correct answer is INR 69920.
Related Questions
Know More about
Staff Selection Commission Sub Inspector ...
Application | Eligibility | Selection Process | Result | Cutoff | Admit Card | Preparation Tips
Get Updates BrochureYour Staff Selection Commission Sub Inspector Exam brochure has been successfully mailed to your registered email id “”.