(a) When the 6.5% pay cut is applied to your original monthly salary, by how many dollars will your monthly pay decrease? Round your result to the nearest cent. (4) (b) What will your reduced monthly salary be after the 6.5% decrease is applied to your original monthly salary? Round your result to the nearest cent. (3) Your employer promises that when business returns to normal, everyone will get a 6.5% pay raise to bring their pay back to their original levels. (c) When the 6.5% pay raise is applied to your reduced monthly salary, by how many dollars will your monthly pay increase? Round your result to the nearest cent. (4) (d) What will your new increased monthly salary be after the 6.5% increase is applied to your reduced monthly salary? Round your result to the nearest cent. (3) (e) Will your employer’s plan to reduce your salary by 6.5% and then increase it by 6.5% really make your new monthly salary equal to your original monthly salary again? If not, how does your new monthly salary compare to your original monthly salary? Explain your conclusion in complete sentences.
Suppose you have a job that pays a monthly salary of (g) $_3,900____.
Unfortunately, recent events have significantly reduced your company’s cash flow.
Your employer says that everyone needs to take a 6.5% pay cut or the company may
have to close.
(a) When the 6.5% pay cut is applied to your original monthly salary, by how many dollars will your monthly pay
decrease? Round your result to the nearest cent. (4)
(b) What will your reduced monthly salary be after the 6.5% decrease is applied to your original monthly salary?
Round your result to the nearest cent. (3)
Your employer promises that when business returns to normal, everyone will get a
6.5% pay raise to bring their pay back to their original levels.
(c) When the 6.5% pay raise is applied to your reduced monthly salary, by how many dollars will your monthly
pay increase? Round your result to the nearest cent. (4)
(d) What will your new increased monthly salary be after the 6.5% increase is applied to your reduced monthly
salary? Round your result to the nearest cent. (3)
(e) Will your employer’s plan to reduce your salary by 6.5% and then increase it by 6.5% really make your new
monthly salary equal to your original monthly salary again? If not, how does your new monthly salary
compare to your original monthly salary? Explain your conclusion in complete sentences.
The following will be the salary calculations for the given questions:
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