2. Last week we calculated raises
and new salaries based on %
raises.
If Jim makes $10 per hour and gets
an 8% raise what is his new wage?
10 * .08 = .80 raise
10 + .80 = $10.80 new wage
3. We are going to look at the reverse.
We will start with the amount of a
raise and calculate the raise as a %
4. Example
Betty makes $500 per week. She just
received a $60 per week raise. Find the
% increase.
Wage * Raise % = Raise
500 * % = 60
% = 60 / 500 = .12
Raise % = 12%
5. Example 2
Peter will make $60000 this year. His
contract says he'll make $65000
next year. By what % will his pay rise?
Raise = 65000 - 60000 = 5000
Wage * Raise % = Raise
60000 * % = 5000
% = 5000 / 60000 = .083333
Raise % = 8.333%
