Question

Pay Cut Todd works for a computer firm, and last year he earned a salary of $120,000. Recently, Todd was required to take a 15% pay cut. Find Todd's salary after the pay cut.

Answer 1

Given:

The salary of Todd last year, C=$120,000.

The percentage rate of pay cut, R=15%.

Todd's salary after the pay cut can be calculated as,

T=C x (100-R)/100

T=120000 x (100-15)/100

T=120000 x 85/100

T=102000

Therefore, Todd's salary after the pay cut is $102000.