Question

Mildred’s salary has increased from £24,600 to £25,338. By what percentage has her salary increase?

Answer 1

The answer is 3%

Explanation:

To find the percentage increase we use the formula

`Percentage \: change = ( change)/(original \: quantity) * 100`

To find the change subtract the smaller quantity from the bigger one

From the question

original price = $24,600

Current price = $ 25,338

Change = $25,338 - $ 24,600

Change = $ 738

So the percentage increase is

`(738)/(24600) * 100`

`= (3)/(100) * 100`

We have the final answer as

Percentage increase = 3%

Hope this helps you