Question

Bruce’s hourly wage increased from $25.50 to $30.60. What rate of increase does this represent?

Answer 1

Hello !

((new value - old value) / old value) × 100

((30.60 - 25.50) / 25.50) × 100

= (5.10/25.50) × 100

= 0.2 × 100

= 20

→ The rate of increase is 20%

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