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?
10% cut means 90% of x will be paid
After 10% cut the pay will be = 0.9x
After 10% raise of 0.9x, the pay will be = 0.9x × 110%
The final pay = 0.9 × 1.1 = 0.99x