Math Problem Statement
If a workers salary is increased by 10 % and then reduced by 10%, state whether he loses or gains, and by what percentage?
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage Change
Sequential Percentage Application
Net Loss
Formulas
New Value after Percentage Increase = Original Value + (Percentage Increase × Original Value)
New Value after Percentage Decrease = New Value - (Percentage Decrease × New Value)
Theorems
Sequential Percentage Change Theorem: Consecutive percentage increases and decreases yield different results based on different base values.
Suitable Grade Level
Grades 6-8
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