Question

A team's total salaries is $4,614,244. The team would like to bring the total down to $3.5 million. What would be the percentage decrease in the team's total salary?

Answer 1

24.14%

Explanation:

Given that,

A team's total salaries is $4,614,244.

The team would like to bring the total down to $3.5 million = $3500000

We need to find the percentage decrease in the team's total salary. The percentage decrease/increase in any value is givenby :

`\%=\frac{\text{change in population}}{\text{initial population}}* 100\\\\=(3500000-4,614,244)/(4,614,244)* 100\\\\=24.14\%`

So, the percentage decrease in the team's total salary is 24.14%.