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Chapter 3: Q. 110 (page 334)

Ayodele got a raise in her hourly pay, from \(24.50 to \)25.48. Find the percent increase.

Short Answer

Expert verified

She got 4% increase in her hourly pay.

Step by step solution

01

Step. 1 Given Information

Ayodele has been payed hourly and her payment increased from $24.50 to $25.48. Now we have to calculate the percentage increase to help her find how much profit she will gain from this increase.

02

Step. 2 Percentage calculation

The formula to calculate percentage is:

TotalprofitOldincome×100%=Newincome-OldincomeOldincome×100%.

Therefore,

Percent increase will be:

25.48-24.5024.50×100%=0.9824.50×100%=0.04×100%=4%.

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