Mahesh's salary was decreased by 40% and subsequently increased by 60%. What is the overall profit or loss?
4% loss
8% loss
4% profit
8% profit
2% loss
Let salary be Rs.100
Reduced salary = Rs.60
Increased salary = Rs. (60+36) = Rs.96
Loss = Rs.(100-96) = Rs.4
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 overall?