On july 1st of last year, the total number of employees at company E was decreased by 10%. Without any change in the salaries of the remaining employees, the avg employee salary was 10% more after the decrease in number of employees that before the decrease. The total combine salaries of all the employees at company E after July 1 last year was what percent of the before july 1 of last year?
Question with percentages and answer also in percentages. The first and only thing I want to do is assume values.
Initial total no of emp = 100 (assumed value)
Initial total salary = 100 (assumed value)
Initial average = $1/emp (100/100 = 1)
New total no of emp = 90 (10% decrease)
New average salary = $1.1/emp (10% increase)
New total salary = 90*1.1 = 99
So new total salary is 99% of initial total salary.
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