Amit’s salary in 2018 is Rs. 1,26,500. His salary increased by 10% in 2017 and…
2019
Amit’s salary in 2018 is Rs. 1,26,500. His salary increased by 10% in 2017 and by 15% in 2018. What was his salary in 2016?
- A.
Rs. 95,000
- B.
Rs. 1,25,000
- C.
Rs. 1,15,000
- D.
Rs. 1,00,000
Attempted by 20 students.
Show answer & explanation
Correct answer: D
Let Amit’s salary in 2016 be x.
After a 10% increase in 2017, salary = 1.10x.
After a further 15% increase in 2018, salary = 1.10x × 1.15 = 1.265x.
Given 2018 salary = Rs. 1,26,500.
So, 1.265x = 1,26,500
x = 1,26,500 ÷ 1.265 = 1,00,000
Therefore, Amit’s salary in 2016 was Rs. 1,00,000. Hence, the correct answer is Option D.