Question

An employee receives a pay increase from $22,000 per annum to $27,000 per annum. Calculate the percentage increase

Answer 1

22.7%

Explanation:

percentage increase formula:

= difference / original *100

= (27000 - 22000) / 22000 * 100

= 5000/22000 *100

=22.727....

to 3sf

=22.7%