SOLUTION: Jessica is considering accepting a higher paying job. Her present salary is 40,000 per year. Her new salary will be 45,000 per year. If she accepts the new job what will be the

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: Jessica is considering accepting a higher paying job. Her present salary is 40,000 per year. Her new salary will be 45,000 per year. If she accepts the new job what will be the       Log On


   

Question 117071: Jessica is considering accepting a higher paying job. Her present salary is 40,000 per year. Her new salary will be 45,000 per year. If she accepts the new job what will be the percent increase in salary?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Jessica is considering accepting a higher paying job. Her present salary is 40,000 per year. Her new salary will be 45,000 per year. If she accepts the new job what will be the percent increase in salary?
---------------
Quantitative Increase = 45000-40000 = 5000
Percent Increase = 5000/40000 = 5/40 = 1/8 = 12.5%
============
Cheers,
Stan H.