Question

Joe received an hourly wage of $8.15. His boss gave him a
7% raise. How much does Joe make per hour now?

Answer 1

To calculate Joe's new hourly wage after the raise, we can use the following formula:

New hourly wage = Current hourly wage + (Current hourly wage * raise percentage)

New hourly wage = $8.15 + ($8.15 * 0.07)

New hourly wage = $8.15 + $0.57

New hourly wage = $8.72

So, after the 7% raise, Joe now makes $8.72 per hour.