Question

Last year Sam earned $25,000 and received no bonus. This year he earned the same amount but received a $2,000 bonus. What was the percentage change in his annual earnings

Answer 1

Answer:

increased by 8.00%

Explanation:

The percentage change in Sam's annual earnings is given by the difference from this year's to last year's earnings, divided by last year's earnings and multiplied by 100%:

$Change= \frac{(25,000+2,000)-25,000}{25,000}*100\%\\\\Change= 0.08*100\% = 8.00\%$

His annual earnings increased by 8.00%.