Question

Wangs pay is $20 per hour. He receives a 5% pay raise. How could he calculate his hourly pay rate?

Answer 1

Wang can calculate his new hourly pay rate after a 5% raise by multiplying his current pay of $20 per hour by 0.05 to find the raise amount and then adding it to his current pay.

Step-by-step explanation:

To calculate the new hourly pay rate after a 5% pay raise, Wang can follow these steps:

1. First, find the amount of the raise by multiplying his current pay rate by the percentage of the increase. Since the pay rate is $20 per hour, and the raise is 5%, Wang should calculate $20 × 0.05 (5% as a decimal is 0.05).
2. The result of this multiplication gives Wang the dollar amount of the raise.
3. Add the dollar amount of the raise to the current hourly pay rate to find the new pay rate.

For example, if another employee, Jason, earns $10 per hour and receives a $2 per hour raise, the percentage change in his pay is essentially $2 / $10 = 0.20 or 20%.