0:00
Yes, hello.
00:01
So to find the percentage increase basically needed to return to the original hourly wage after a cut, we can use the method where we first find the new wage after the cut, and then find the percentage increase from this new wage to the original wage.
00:18
So first, we want the wage cut, the original wage is $10, and then cut by 10%.
00:23
So we take the new wage, which is going to be the original wage of $10, and then minus the cut percentage times the original wage, so minus 10%.
00:36
$10, which is just going to be equal to $10 minus $1, which is going to be $9.
00:50
And then for the percentage increase, we take the original wage minus the new wage over the new wage.
00:57
So this $10 minus $9 over $9, so 10 minus $9 over $9, and then times 100 to go to percentage, and that's going to be 11 .11%...