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?

Answer 1

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.

Answer 2

30000*10%= 3000
30000-3000=27000

30000+10%=33000
30000+20%=36000

In two years, his salary will be $36,000.

Answer 3

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

Answer 4

Thanks!

Answer 5

You're welcome.

Answer 6

$9 per hour, but now she makes 150% of that amount.