Question

The HIM Supervisor conducted a timely performance evaluation for one of her employees and awarded the employee a 4% merit increase. If the employee's hourly salary is presently $7.10, what will the hourly salary be once this merit increase is applied?
A. $7.38
B. $7.54
C. $7.80
D. $7.33

Answer 1

We have been given that the HIM Supervisor conducted a timely performance evaluation for one of her employees and awarded the employee a 4% merit increase. The employee's hourly salary is presently $7.10. We are asked to find the hourly salary of the employee after this merit increase is applied.

To solve our given problem, we need to find 4% of present hourly salary and add it to hourly salary as:

$\text{Hourly salary after the merit increase}=\ 7.10+\ 7.10\times \frac{4}{100}$

$\text{Hourly salary after the merit increase}=\ 7.10+\ 7.10\times 0.04$

$\text{Hourly salary after the merit increase}=\ 7.10+\ 0.284$

$\text{Hourly salary after the merit increase}=\ 7.384$

$\text{Hourly salary after the merit increase}\approx \ 7.38$

Therefore, the employee's hourly salary would be $7.38 after this merit increase is applied and option A is the correct choice.

Answer 2

Answer:

Option A) $7.38

Step-by-step explanation:

We are given the following in the question:

Merit increase  = 4%

Current hourly salary = $7.10

Increase in salary =

$4\%\times 7.10\\\\=\dfrac{4}{100}\times 7.10\\\\=0.284$

Salary after merit increase =

$=7.10 + 0.284\\=7.384\\\approx \ 7.38$

Thus, the correct answer is

Option A) $7.38