Question

Ayodele got a raise in her hourly pay, from \(24.50 to \)25.48. Find the percent increase.

Short answer

She got 4% increase in her hourly pay.

Step-by-step solution

Step. 1 Given Information

Ayodele has been payed hourly and her payment increased from $24.50 to $25.48. 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:

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

Therefore,

Percent increase will be:

$$\begin{gathered} \frac{25.48-24.50}{24.50}\times 100\% \\ =\frac{0.98}{24.50}\times 100\% \\ =0.04\times 100\% \\ =4\%. \end{gathered}$$