If Adam's income decreases 40% from $1100 and then decreases by another 5%, what is the new income?
| |
Original Income (%) |
New income (u) |
Income ($) |
| Before 1 |
100% |
|
$1100 |
| Change 1 |
- 40% |
|
|
| After 1 |
60% |
100 u |
$660 |
| Change 2 |
|
- 5 u |
|
| After 2 |
|
95 u |
$627 |
100% of Adam's original income = $1100
1% of Adam's original income
= 1100 ÷ 100
= $11
100% - 40% = 60%
60% of Adam's original income
= 60 x 11
= $660
60% of Adam's original income = 100 u of Adam's new income
100 u of Adam's new income = $660
1 u of Adam's new income
= 660 ÷ 100
= $6.60
100 u - 5 u = 95 u
95 u of Adam's new income
= 95 x 6.60
= $627
Adam's latest income = $627
Answer(s): $627
