Allied & ICAR Exam Bank • ALLIED_1468 MCQ • 1 Mark

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

An employee receives a 15% salary hike followed by an annual performance bonus of 10% on the new base salary. The overall percentage increase in compensation is:

Options:

  • (A) 26.5%
  • (B) 25.0%
  • (C) 27.0%
  • (D) 24.5%

Answer Key:

A

Step-by-Step Solution & Explanation

Combined multiplier $= 1.15 \times 1.10 = 1.265$, corresponding to 26.5%.
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