Firstly, we have to find out what 10% of $25000 is. To do this, multiply $25000 by 0.1 (10% in decimal form): [tex] \$25000 \times 0.1=\$2500 [/tex] . $2500 is the 10% raise.
Next, to find your first new salary, add $25000 and $2500 together: [tex] \$25000+\$2500=\$27500 [/tex] . $27500 is your new salary after the 10% raise.
Next, we need to find 10% of $27500. It's a similar process as to finding 10% of $25000. [tex] \$27500 \times 0.1=\$2750 [/tex] . $2750 is your 10% cut.
Next, since this is a cut, subtract $2750 from $27500. [tex] \$27500-\$2750=\$24750 [/tex] . $24750 is your new salary after the 10% cut.
Next, to find the percentage change, firstly divide $24750 by $25000. [tex] \frac{\$24750}{\$25000}=0.99\ \textsf{or}\ 99\% [/tex] . Now this shows that your current salary is 99% of what you used to make. It is not how much less you make. To find how much less it is, subtract 99% from 100%: [tex] 100\%-99\%=1\% [/tex] . Your current salary is 1% less than what you used to make.
