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# An executive's salary increased by 20% from 1995 to 1996,

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CEO
Joined: 21 Jan 2007
Posts: 2734

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Location: New York City
An executive's salary increased by 20% from 1995 to 1996, [#permalink]

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08 Nov 2007, 19:20
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

An executive's salary increased by 20% from 1995 to 1996, but decreased by 25% from 1996 to 1997. What percent lower was the exec's salary in 1997 than in 1995?

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Kudos [?]: 1076 [0], given: 4

Manager
Joined: 01 Nov 2007
Posts: 82

Kudos [?]: 6 [0], given: 0

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08 Nov 2007, 20:12
equation is x*1.2*.75=x*.95 so 5% lower

ha, can't multiply anymore - 1.2*.75 is actually .9 - 10% lower

Last edited by cstefanita on 08 Nov 2007, 21:56, edited 1 time in total.

Kudos [?]: 6 [0], given: 0

Director
Joined: 25 Oct 2006
Posts: 634

Kudos [?]: 648 [0], given: 6

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08 Nov 2007, 20:45
1995-1996
say it was 100 in 1995 so, will be 120 in 1996
And 25% of 120 = 1/4th of 120=30
hence in 1997 => 90

1995 to 1997 10% less.

Ans: C

Kudos [?]: 648 [0], given: 6

Manager
Joined: 14 May 2006
Posts: 200

Kudos [?]: 12 [0], given: 0

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08 Nov 2007, 21:10
To do this question by equations:

1995: X
1996: (120/100) X = 1.2X
1997: (75/100) * (120/100) X = 0.9X

Kudos [?]: 12 [0], given: 0

CEO
Joined: 21 Jan 2007
Posts: 2734

Kudos [?]: 1076 [0], given: 4

Location: New York City

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08 Nov 2007, 21:12
priyankur_saha@ml.com wrote:
1995-1996
say it was 100 in 1995 so, will be 120 in 1996
And 25% of 120 = 1/4th of 120=30
hence in 1997 => 90

1995 to 1997 10% less.

Ans: C

OA is 10.

yep. pretty straight forward.

Kudos [?]: 1076 [0], given: 4

Re: 10%   [#permalink] 08 Nov 2007, 21:12
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# An executive's salary increased by 20% from 1995 to 1996,

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