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We talk about the fact that we cannot undo a percent increase with a percent decrease, and that we cannot undo a percent decrease with
We talk about the fact that we cannot "undo" a percent increase with a percent decrease, and that we cannot "undo" a percent decrease with a percent increase. What does that mean?! Example: The population of Ohio was 11.69 million in 2018, which is an 8% increase from Ohio's population in 1988. What was the population in 1988? Tempting Solution [but incorrect! !!): It is tempting to find 8% of 11.69 million and subtract that from 11.69 million. But this solution Does Not Work!!! Let's look at this in the situation below. 1. (3.10.26): The boss says "hard times. ln_org_er_ to avoid layoffs, everyone takes a 10% pay cut.\" The next day he says \"Things aren't as bad as I thought. Everyone gets a 10% pay raise, so we're all even." a. Is the boss right? Choose a Mgiye yourself a 10% pay cut. What is your new salary? Now give yourself a 10% raise. What is your new salary? Is this the salary you started with? Is the boss right? Are we "all even" now? Explain your answer. b. What if the 10% pay raise comes first, followed by a 10% pay cut? 2. Explain the statement \"we cannot \"undo\" a percent increase with a percent decrease\". 3. Explain the siaiementiwe cannot "undo\" a percent decrease with a percent increase". 4. What is the correct way of handling this situation? Find the population in 1988 from the example problem. Do NOT look up the answer. Show all your math and write your answer using a complete sentence
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