Correct Answer: B
Explanation:
A college graduate goes to work for x dollars per week. After several months, the company gives all the employees a 10% pay cut. A few months later, the company gives all the employees a 10% raise. What is the college graduate’s new salary?
Salary after 10% cut = x(100% - 10%) = 90% of x = 0.9x
10% raise on cut salary = 0.9(100% + 10%) = 0.9 × 1.1 × x = 0.99x