Question

The amount of the increase in the employees salary is? The percent of the increase in the employees salary is ?

Answer 1

The amount of the increase in employee's salary is $2,000

The percent increase is 5%

Explanations:

From the given graph, we have the following information:

• Amount of salary earned in 2005 = $40,000

,

• Amount of salary earned in 2006 = $42,000

a) Amount of the increased employee salary = Amount earned in 2006 - Amount earned in 2005

Amount of the increased employee salary = $42,000 - $40,000

Amount of the increased employee salary = $2,000

b) The percent increase in salary will be expressed as:

`\begin{gathered} \%\text{increase}=(\$42,000-40,000)/(\$40,000)*100\% \\ \%\text{increase}=(2,000)/(40,000)*100\% \end{gathered}`

Simplify the result to have:

`\begin{gathered} \%\text{increase}=(2)/(40)*100 \\ \%\text{increase}=(1)/(20)*100 \\ \%\text{increase}=5\% \end{gathered}`

Hence the percent increase in the employee's salary is 5%