Answer #21 : Find John's Salary.

Q: John is working in a Software company.
He got a 5% raise in salary last year.
But this year, company declared 2% pay cut to all employees.
After the pay cut, his salary is INR 61740
What was his salary before the raise?

A: INR 60,000


Explanation:

Assume John's salary was INR. X

He earns 5% raise. So his salary is (105*X)/100

A year later he got 2% pay cut.
So his salary is ((105*X)/100)*(98/100) which is INR 61740

Hence, solving equation

((105*X)/100)*(98/100) = 61740

X =60000