Last year a man earned 19,200. This year his salary increased to 20,736. What was the percent of his increase ?
Solution
Here we have to use the formula.
Percentage of increase =[tex]\frac{Increase}{Original number} *100[/tex]
Increase in earning = 20, 736 - 19,200 = $1536
Original number = 19,200
Now plugin these values into the formula, we get
Percentage of increase = [tex]\frac{1536}{19200} *100 = \frac{153600}{19200} = 8[/tex]%
The answer is 8%
Hope you will understand the steps.
Thank you. :)
