Question

Is it a true or false you receive a pay raise of 3% hold later by a pay cut of 3% after the two changes and pay your salary is unchanged

Answer 1

False.

Lets say your original pay was $100

You get a 3% pay raise so that now makes your pay: 100 x 1.03 = $103

Now from 103 you get a 3% pay cut so after the pay cut your pay would be:

103 x (100%-3%) = 100 x 97% = 100 x 0.97 = $99.91

99.91 is less than your original pay of 100.