Question

What is the percentage?Supervisor: "I will increase your salary from $12,000.00 to $15,000.00 per year if youare able to maintain your current performance level."Employee: "I will certainly work hard to maintain my performance level. I could reallyuse thatincrease over my current salary."

Answer 1

25%

EXPLANATION :

The percentage increase formula is :

`\frac{\text{ new - old}}{\text{ old}}*100`

The new salary is $15,000 and the old salary is $12,000

Using the formula above :

`\begin{gathered} (15000-12000)/(12000)*100=0.25*100 \\ \rightarrow25\% \end{gathered}`