advice needed

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advice needed

by likewhoa » Sun Nov 18, 2007 7:40 am
In 1994-> annual salary was 30% higher than it was in 1993.
1995-> annual salary was reduced to 104 % of his 1993 annual salary.
Ken's 1995 annual salary was what % less than his 1994 annual salary?


answer: 20%
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by ri2007 » Sun Nov 18, 2007 8:01 am
assume salary in 93 = 100
so in 94 = 130
in 95 = 104

difference in 95 vs 94 = 26
% decrease = ( 26/130 ) * 100 = 20%