The salary of a man is increased by 20% at the end of the first year of his service and by 15% at the end of the second year of his service. If his initial salary was Rs. 10000, then what will be his salary at the end of the second year?Choices:- 12800 14000 13800 13000
Question
The salary of a man is increased by 20% at the end of the first year of his service and by 15% at the end of the second year of his service. If his initial salary was Rs. 10000, then what will be his salary at the end of the second year?Choices:- 12800 14000 13800 13000
Solution
To solve this problem, we need to apply the percentage increase to the salary for each year.
Step 1: Calculate the salary after the first year. The salary is increased by 20%, so we multiply the initial salary by 1.20 (which represents a 100% of the original salary plus the 20% increase).
10000 * 1.20 = 12000
So, the salary after the first year is Rs. 12000.
Step 2: Calculate the salary after the second year. The salary is increased by 15%, so we multiply the salary after the first year by 1.15 (which represents a 100% of the salary after the first year plus the 15% increase).
12000 * 1.15 = 13800
So, the salary after the second year is Rs. 13800.
Therefore, the correct answer is Rs. 13800.
Similar Questions
14. R got 35% hike in his salary and 20% incentive on sales. If R sold goods worth Rs. 850 last year and the salary was Rs 70, then how much more does he earn this year with sales of Rs.900?304454294204
A and B enter into a partnership with respective capitals of Rs.20,000 and Rs.40,000. At the end of the year, the total profit is Rs.33,000. If A receives Rs.15,000 as both his salary and profit,then what is his salary?
Ravi lent out Rs.9600 at 8.5% per annum for a year 2 years 6 months.At the end of the duration,what amount he earned ?
P and Q start a cafe with a capital Rs.20,000 and Rs.40,000 respectively.After a year, out of the profit of Rs.15000, P gets his share of profit plus some money as his salary.In total if P gets Rs.7000,what is the salary amount he received?Rs.2000Rs.5000Rs.2500Rs.7500
An employee starts a job at $1600 per month on January 1, 2015. At the end of three months their salary is increased 5 percent. At the end of the sixth month, they received another 5 percent increase. What is their total salary for the year?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.