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by wawatan » Thu Jul 17, 2008 10:17 pm
On July 1 of last year, the total number of employees at Company E was decreased by 10 percent. Without any change in salaries of the remaining employees, the average employee salary was 10 percent more after the decrease in number of employees than before the decrease. The total of the combined salaries of all of the employees at Company E after July 1 last year was what percent of that before July 1 last year?

oa is 99%
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by sudhir3127 » Thu Jul 17, 2008 10:22 pm
Hi answer is 99%

here it goes..

Assume the number of employes before reduction is 100 and the salary paid to each of them is 100.

then its 100 employess* 100 salary =10,000

!0% reduction in employes = 100 -10%= 90
10 % increase in salary = 100+10% = 110

hence the new salary = 90 employess* 110 salary= 9900

percentage= 9900/10000= 99%

hope this helps.
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