Question

Jed works for Metal Fabricators, Inc. Which just lost a large contract and has asked employees to take a 12 percent pay cut. If Jed now makes $34,500 per year, what will his yearly pay be after the pay cut?

Answer 1

Answer: $\ 30,360$

Step-by-step explanation:

Given

Jed makes $\ 34,500$ per year

After the loss of contract, a paycut of 12% is there

The amount after the paycut is

$\Rightarrow 34,500(1-0.12)\\\Rightarrow 34,500\times 0.88\\\Rightarrow \ 30,360$