On July 1 of last year, the total number of employees at Company E was decreased by 10 percent. Without any change in the salaries of the remaining employees, the average (arithmetic mean) empoloyee salary was 10 percent more after the decrease in number of employews than before the decrease. The total of the combine salaries of all the employees at Company E after July 1 last year was what percent of that before July 1 last year?
Possible answers
a. 90%
b. 99%
c. 100%
d. 101%
e. 110%
Possible answers
a. 90%
b. 99%
c. 100%
d. 101%
e. 110%
Avg = Combined Sal / Emp Strength.
Let Comb Sal Before 1st July = A * E
Now Comb Sal after 1st July = A*110/100 * E*90/100
= (99/100) *A*E
= (99/100) * Comb Sal Before 1st July
Ans : B
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