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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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WandererTony56-60, M
(a+b)*(a-b)=a^2 - b^2
Riemann31-35, M
WandererTony56-60, M
@Riemann the gif isnt visible :(
Riemann31-35, M
@WandererTony It is. Reload!