Last year I made $50,000 working for a company. This year everyone takes a 9% pay cut. Next year eve

Discussion in 'Calculator Requests' started by math_celebrity, Nov 15, 2020.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    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
     

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