An employee's hourly wage increased from \20.00 to \25.00. What was the percent increase i… — GRE General Test

An employee's hourly wage increased from $\$20.00$ to $\$25.00$ . What was the percent increase in the employee's hourly wage?

Answer: 25 %

The percent increase in the employee's hourly wage is

25\%

The percent increase is calculated using the formula

\text{Percent Increase} = \frac{\text{New Value} - \text{Original Value}}{\text{Original Value}} \times 100\%

. Substituting the given values gives

\frac{25 - 20}{20} \times 100\% = \frac{5}{20} \times 100\% = 25\%

Calculate the absolute increase in hourly wage

Increase =

\$25.00 - \$20.00 = \$5.00

Percent change is calculated relative to the absolute change from the initial value.

Calculate the percent change using the original wage as the base

\text{Percent Increase} = \frac{\$5.00}{\$20.00} \times 100\% = 25\%

The formula for percent change is

\frac{\text{Amount of Change}}{\text{Original Amount}} \times 100\%

Percent Change Formula

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