Answer:
There is 55% of decrease in Greg's pay.
Step-by-step explanation:
The old payment received by Greg annually = $52,860
The new payment received = $23,787
The Decrease in the payment annually = Old payment - New payment
= $52,860 - $23,787 = $29,073
So, the total decrease in the Greg's salary next year = $29,073
Now,[tex]\textrm{The percentage decrease in the salary} = \frac{\textrm{Decrease in the salary}}{\textrm{Iniial Salary}} \times 100[/tex]
[tex]= \frac{29,073}{52,860} \times 100 = 55[/tex]
Hence, there is 55% of decrease in Greg's pay.
