Math Problem Statement
A part of Anil's salary is constant and a part of it is variable. His variable salary increased by 50% and 33.33% at the end of two consecutive years as a result of
which his total salary now is 30% more than his total salary 2 years back. What percent of his total salary was his fixed salary 2 years ago?
Solution
Let's break down the problem step by step:
Notation:
-
Let be Anil's total salary 2 years ago.
-
Let be the fixed (constant) part of his salary (which remains unchanged over time).
-
Let be the variable part of his salary 2 years ago.
-
His total salary 2 years ago is thus:
-
Over the next two years, his variable salary increased:
- In the first year, by 50%, so the variable salary became .
- In the second year, by 33.33%, so it further became:
-
At the end of two years, his total salary increased by 30%, meaning his new total salary is:
Since the fixed salary remains constant, the new total salary at the end of two years is:
Now, equate the two expressions for :
Solve for and :
Expand the right-hand side: Rearrange the terms: Simplify:
Find the percentage of the fixed salary:
The total salary 2 years ago was . Substituting :
The fixed salary as a percentage of the total salary is:
Thus, 70% of Anil's total salary 2 years ago was his fixed salary.
Would you like more details or have any questions?
Here are 5 related questions to explore:
- What happens to the percentage of the fixed salary after the variable salary increases?
- How would the outcome change if the variable salary increased by different percentages each year?
- What if Anil's total salary increased by 40% instead of 30%? How would this affect the fixed salary percentage?
- How would you approach the problem if both the fixed and variable parts increased annually?
- If the variable salary was initially 50% of the total, how does that affect the final calculation?
Tip: When dealing with percentage changes over multiple years, it's important to apply them sequentially rather than adding them up directly.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Algebra
Percentage Change
Linear Equations
Formulas
Total Salary (2 years ago): S_0 = F + V_0
Total Salary (after 2 years): S_2 = F + 2V_0
Salary increase: S_2 = 1.3(S_0)
Percentage of fixed salary: (F / S_0) * 100
Theorems
-
Suitable Grade Level
Grades 9-12