BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
You received a raise at work and your salary went from $54, 890 to $59, 400. Calculate the percent increase.
A
$4, 510
B
7.6%
C
8.2%
D
93%
Explanation: 

Detailed explanation-1: -A 50% increase is where you increase your current value by an additional half. You can find this value by finding half of your current value and adding this onto the value. For example, if you wanted to find what a 50% increase to 80 was, you’d divide by 2 to get 40, and add the two values together to get 120.

Detailed explanation-2: -To calculate a 5% pay raise, you only have to multiply the percentage of the increase (in decimals) by your current salary and add your current salary. So, assuming your monthly salary is $1, 000, a 5% increase will be 0.05 multiplied by $1, 000 plus the current salary, resulting in $1, 050.

There is 1 question to complete.