Question

After Harvey Islip's performance review, he received a merit increase of 3.65% and a COLA of 3.35%. He now earns $24.00 an hour. What was his hourly wage, to the nearest cent, before the merit and COLA increases? Express your answer in dollars and cents.

Answer 1

Hi there

3.65+3.35=7% increase

X=24÷(1+0.07)

X=24÷1.07
x=22.43....answer

Hope it helps