Question

Mayelle earns $18,000 a year. After a raise, she earns $19,500. What is the percent of increase in pay? Round to the nearest tenth of a percent

Answer 1

8.3 %

Explanation:

Mayelle earns $18000 per year. Mayelle earning is increased by $19500, to calculate the percentage increase in earnings, we divide the difference between earnings after increase and earnings before increase by the earnings before increase and then multiply the result by 100. The percentage increase is given by:

Increase in pay = (Earnings before increase - earnings after increase) / Earnings before increase × 100%

Increase in pay = ($19500 - $18000)/ $18000 × 100% = 8.3 %