Last year I made $50,000 working for a company. This year everyone takes a 9% pay cut. Next year everyone is promised a 15% pay raise. How much will I make next year?
Calculate pay cut amount with 9% = 0.09:
Pay cut amount = Current Salary * (1 - pay cut percent)
Pay cut amount = 50000 * (1 - 0.09)
Pay cut amount = 50000 * 0.91
Pay cut amount = 45500
Calculate pay raise with 15% = 0.15
Pay raise amount = Pay Cut Salary * (1 + pay raise percent)
Pay raise amount = 45500 * (1 + 0.15)
Pay raise amount = 45500 * 1.15
Pay raise amount = 52,325
Calculate pay cut amount with 9% = 0.09:
Pay cut amount = Current Salary * (1 - pay cut percent)
Pay cut amount = 50000 * (1 - 0.09)
Pay cut amount = 50000 * 0.91
Pay cut amount = 45500
Calculate pay raise with 15% = 0.15
Pay raise amount = Pay Cut Salary * (1 + pay raise percent)
Pay raise amount = 45500 * (1 + 0.15)
Pay raise amount = 45500 * 1.15
Pay raise amount = 52,325