Question

The salaries of three employees are listed below. Each employee was recently given a raise. Which amount is closest to the total of all three raises?

Answer 1

A

Explanation:

We take the percentage raise and convert to decimal by dividing by 100. Then multiply this with the salary before raise. This will give us the "raise amount".

Then we will add up all of the "raises" of 3 employees to get our answer.

Jane = 4/100 = 0.04

0.04*41,500 = 1660

John = 4.5/100 = 0.045

0.045 * 44,100 = 1984.5

Jack = 3/100 = 0.03

0.03 * 39,600 = 1188

Sum of all 3 raises:

1660 + 1984.5 + 1188 = $4832.5

From the answer choices, A is the closest, $4833