Question: A salary of $50,000 is reduced by 8%. What is the new salary?
a) $45,000
b) $46,000
c) $46,500
d) $47,000
Solution:
Reduction = 8% of $50,000 = 8⁄100×50,000=4,000.
New salary = $50,000 – 4,000 = $46,000.
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