Percentages involving Finances: Profit and Loss
Percentages involving Finances: Profit and Loss
TGM Original Questions
Amy expected that her monthly income could be increased by \(20\%\) this year compared to her monthly income last year, but due to company’s financial situation, her salary was cut down by \(15\%\). As a result, Amy’s monthly salary was reduced by \(\$1,680\) compared to her expectation.
- Find the monthly income of Amy’s in the last year.
- When financial situation recovers, the company decides to increase Amy’s monthly income to her expectation. Find the percentage increase in Amy’s monthly income (Correct your answer to \(3\) significant figures).
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Answer:(i) \(4800\) dollars (ii) \(41.2\%\) to \(3\) significant figures
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