QuestionYou earn a monthly salary of $\$ 6,875$. After a $6.5\%$ pay cut, find the decrease and new salary. Then calculate the increase after a $6.5\%$ raise on the reduced salary. Round to the nearest cent.

Studdy Solution
Calculate the new monthly salary.
$$New\, monthly\, salary = \$,071.35 + \$69.64 = \$,140.99$$(a) The monthly pay will decrease by approximately \$74.48(b) The reduced monthly salary will be approximately \$,071.35(c) The monthly pay will increase by approximately \$69.64(d) The new monthly salary will be approximately \$,140.99