After getting a rise of 15%, a man’s new monthly salary is N345. How much per month did he earn before the increase?
-
A.
N330 -
B.
N396.75 -
C.
N300 -
D.
N293.25 -
E.
N360
Correct Answer: Option C
Explanation
Let x represent his monthly salary before increase 15% of
x = 345
% profit = (100 + 15)%
= 115%
(frac{115}{100})x = 345
115x = 34500
x = N300.00