An employee receives a pay increase from $35,000 per year to $37,500 per year. Calculate the percent increase. Round to the near

Question

3 months ago

15

est tenth of a percent.

2 answers:

Leona [12.6K] · Answer 1 · 2026-02-26T05:56:35+03:00

Answer:

The employee's salary has increased by 7.14%.

Step-by-step explanation:

Provided:

The employee's original salary = $35,000 annually

The new salary of the employee = $37,500 annually

Let X denote the salary percentage increase.

Thus, X = $\frac{increase salary - initial salary}{initial salary}$ × 100

Or, X = $\frac{$37,500 - $35,000}{$35,000}$ × 100

Or, X = $\frac{$2,500}{$35,000}$ × 100

Therefore, X = 0.0714 × 100 = 7.14%

Thus, the percentage increase in the employee's salary is 7.14%.

Leona [12.6K] · Answer 2 · 2026-02-26T05:55:49+03:00

Answer:

The salary increase percentage is 7.14%.

Step-by-step explanation:

An employee's pay rose from $35,000 to $37,500 per year. Hence, the initial pay was $35,000 per year.

The new pay the employee gets is $37,500.

Salary increase =

New pay per year - Previous pay per year, leading to:

Salary increase = 37,500 - 35,000

= $2500

The percent increase = Salary increase / Previous pay per year × 100, resulting in:

2500/35000 × 100

7.14%