Question

The HIM Supervisor conducted a timely performance evaluation for one of her employees and awarded the employee a 4% merit increase. If the employee's hourly salary is presently $7.10, what will the hourly salary be once this merit increase is applied?

A. $7.38
B. $7.54
C. $7.80
D. $7.33

Answer 1

Option A) $7.38

Explanation:

We are given the following in the question:

Merit increase = 4%

Current hourly salary = $7.10

Increase in salary =

`4\%* 7.10\\\\=(4)/(100)* 7.10\\\\=0.284\$`

Salary after merit increase =

`=7.10 + 0.284\\=7.384\\\approx \$7.38`

Thus, the correct answer is

Option A) $7.38

Answer 2

We have been given that the HIM Supervisor conducted a timely performance evaluation for one of her employees and awarded the employee a 4% merit increase. The employee's hourly salary is presently $7.10. We are asked to find the hourly salary of the employee after this merit increase is applied.

To solve our given problem, we need to find 4% of present hourly salary and add it to hourly salary as:

`\text{Hourly salary after the merit increase}=\$7.10+\$7.10* (4)/(100)`

`\text{Hourly salary after the merit increase}=\$7.10+\$7.10* 0.04`

`\text{Hourly salary after the merit increase}=\$7.10+\$0.284`

`\text{Hourly salary after the merit increase}=\$7.384`

`\text{Hourly salary after the merit increase}\approx \$7.38`

Therefore, the employee's hourly salary would be $7.38 after this merit increase is applied and option A is the correct choice.