Question

Tamanika got a raise in her hourly pay, from \(15.50 to \)17.36. Find the percent increase.

Short answer

Tamanika got a raise of 12% in her hourly pay.

Step-by-step solution

Step. 1 Given Information

Tamanika has been payed hourly and her payment increased from $15.50 to $17.36. Now we have to calculate the percentage increase to help her find how much profit she will gain from this increase.

Step. 2 Percentage calculation

The formula to calculate percentage is:

$$\begin{gathered} \frac{Totalprofit}{Income}\times 100\% \\ =\frac{Newincome-Oldincome}{Oldincome}\times 100\%. \end{gathered}$$

Therefore,

Percent increase will be:

$$\begin{gathered} =\frac{17.36-15.50}{15.50}\times 100\% \\ =\frac{1.86}{15.50}\times 100\% \\ =0.12\times 100\% \\ =12\%. \end{gathered}$$