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Leo has a salary of 馃挿 120000. Calculate his new salary if it is increased by x% & decreased by x%. [I Like Mathematics]

The answer is: 120000(1 - x^2/10^4)

Please explain the steps.
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helenS36-40, F
Too trivial 馃槕
Riemann31-35, M
@helenS Ma'am, pls, the steps.
馃槕
helenS36-40, F
@Riemann Elementary, dear Watson.
Riemann31-35, M
@helenS Check inbox for not elementary stuff. 馃槕