A man's salary increased by 10% and then again by 10%. Due to corrections made by the company, his salary was decreased by 20%. By what percent did his salary increase or decrease?
315% decrease
Let the original salary be ₹ 100
Salary after first increase of 10% =100+10100 × 100
= ₹.110
Salary after second increase of 10% =.110+10100 × 110
=₹ 121
Salary after a decrease of 20% =121−20100 × 121
= ₹ (121 - 24.20)
= ₹.96.80
∴ Decrease in salary = 100 - 96.80 = ₹ 3.20
∴ overall decrease in salary = 3.2%
=315%