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The salary of Amit is 75% of the salary of Aman. The salary of Amit increases by 40% and the salary of Aman increases by 10%. By what approximate percentage is the new salary of Aman more than the new salary of Amit?
The salary of Amit is 75% of the salary of Aman.
Let's assume the initial salary of Aman is 4y.
initial salary of Amit = 75% of 4y
= $$\frac{75}{100}\times4y$$
= $$\frac{3}{4}\times4y$$
= 3y
The salary of Amit increases by 40% and the salary of Aman increases by 10%.
salary of Amit after increase = 3y of (100+40)%
= 3y of 140%
= $$3y\times\ \frac{140}{100}$$
= 4.2y Eq.(i)
salary of Aman after increase = 4y of (100+10)%
= 4y of 110%
= $$4y\times\ \frac{110}{100}$$
= 4.4y Eq.(ii)
percentage more = $$\frac{\left(Eq.(ii)-Eq.(i)\right)\times\ 100}{Eq.(i)}$$
= $$\frac{\left(4.4y-4.2y\right)\times\ 100}{4.2y}$$
= $$\frac{0.2y\times\ 100}{4.2y}$$Create a FREE account and get: