Question

6. Salary Raise. A Union negotiates for a cost-of-living raise of 3.4%. What is the raise for a union

Answer 1

Answer:

New salary= $43,800.24

Step-by-step explanation:

Step one:

Given data

the initial salary is = $42,360

the raise in percentage is =3.4%

To know the raise we need to calculate what the amount of 3.4% of $42,360 is

Step two:

=(3.4/100)*42,360

=0.034*42360

=1440.24

therefore thr raise is $1440.24

Step three:

the new salary is given as

new salary= old salary+ raise

New salary= $42,360+$1440.24

New salary= $43,800.24