Respuesta :
Answer:
The percentage increase in salary of employee is 7.14 %
Step-by-step explanation:
Given as :
The initial pay of employee = $35,000 per year
The increase pay of employee = $37,500 per year
Let The percentage increase in salary = X %
So, X = [tex]\frac{increase salary - initial salary}{initial salary}[/tex] × 100
Or, X = [tex]\frac{$37,500 - $35,000}{$35,000}[/tex] × 100
Or, X = [tex]\frac{$2,500}{$35,000}[/tex] × 100
∴ X = 0.0714 × 100 = 7.14 %
Hence The percentage increase in salary of employee is 7.14 % Answer
Answer:
Percentage increase = 7.14%
Step-by-step explanation:
An employee receives a pay increase from $35,000 per year to $37,500 per year. This means that the previous amount that the employee was receiving is $35,000 per year.
The amount that the employee is currently receiving is $37,500
Increase in pay =
The amount that the employee is currently receiving per year - previous amount that the employee was receiving per year. This means
Increase in pay = 37,500 - 35,000
= $2500
The percent increase = Increase in pay / previous amount that the employee was receiving per year × 100. It becomes
2500/35000 × 100
7.14%
