SOLUTION: WHAT IS THE FORMULA TO FIGURE OUT WHEN YOU GET A RAISE WHAT THE PERSANTAGE IS. EXAMPLE IF A PERSON MAKES $12.27 PER HOUR AND NOW THEY MAKE $12.62 PER HOUR HOW DO YOU FIGURE WHAT %

Algebra ->  Algebra  -> Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: WHAT IS THE FORMULA TO FIGURE OUT WHEN YOU GET A RAISE WHAT THE PERSANTAGE IS. EXAMPLE IF A PERSON MAKES $12.27 PER HOUR AND NOW THEY MAKE $12.62 PER HOUR HOW DO YOU FIGURE WHAT %      Log On

Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   

Question 6673: WHAT IS THE FORMULA TO FIGURE OUT WHEN YOU GET A RAISE WHAT THE PERSANTAGE IS.
EXAMPLE IF A PERSON MAKES $12.27 PER HOUR AND NOW THEY MAKE $12.62 PER HOUR HOW DO YOU FIGURE WHAT % YOUR RAISE IS?
Answer by Earlsdon(6103) About Me  (Show Source):
You can put this solution on YOUR website!
You can do it this way:
First, find the amount of the raise by subtacting the old hourly rate from the new hourly rate.
$12.62 - $12.27 = $0.35 per hour.
Next, divide the amount of the raise by the old hourly rate and multiply the result by 100 to get the percent increase.
[($0.35)/($12.27)](100) = (0.285348...)(100) = 2.85% increase.