SOLUTION: For a three-year period the cost of living rose 25%, while in that same period Ms. Smith’s salary increased 30%. What was the % of increase in Ms. Smith’s salary, relative to the

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Question 850691: For a three-year period the cost of living rose 25%, while in that same period Ms. Smith’s salary increased 30%. What was the % of increase in Ms. Smith’s salary, relative to the new cost of living?
Answer by harpazo(655) About Me  (Show Source):
You can put this solution on YOUR website!
Ms. Smith"s salary to new cost of living.
Let S = Smith's salary
Let N = new cost of living

S/N = .30/.25
S/N = 1.2%