Question

Ayodele received a raise in her hourly pay, from $24.50 to $25.48. Find the percent change.

Answer 1

Answer:

4%

Step-by-step explanation:

The raise in her hourly pay is

$25.48-$24.50 =$0.98

Cross multiplying (rule of three)

24.50------100%

0.98--------x%

and so, x= 0.98*100/24.5 = 4%

Answer 2

Answer:  The required percent change is 4%.

Step-by-step explanation:  Given that Ayodele received a raise in her hourly pay, from $24.50 to $25.48.

We are to find the percent change.

The percent change is given by

$p=\dfrac{\textup{increse in the amount}}{\textup{original amount}}\times100\%.$

In the given situation, we have

$\textup{increase in the amount}=\ (25.48-24.50)=\ 0.98.$

Therefore, the percent change is given by

$p=\dfrac{0.98}{24.50}\times100\%=\dfrac{98}{24.50}\%=4\%.$

Thus, the required percent change is 4%.