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A company increased the salary of its employees by 12%. If an employee's current
A company increased the salary of its employees by 12%. If an employee's current salary is $1,500, what will be the new salary?
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Practice Questions
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Q1
A company increased the salary of its employees by 12%. If an employee's current salary is $1,500, what will be the new salary?
$1,620
$1,680
$1,700
$1,800
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New salary = 1500 + (12/100)*1500 = 1500 + 180 = $1,680.
Questions & Step-by-step Solutions
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Q
Q: A company increased the salary of its employees by 12%. If an employee's current salary is $1,500, what will be the new salary?
Solution:
New salary = 1500 + (12/100)*1500 = 1500 + 180 = $1,680.
Steps: 5
Show Steps
Step 1: Identify the current salary of the employee, which is $1,500.
Step 2: Determine the percentage increase, which is 12%.
Step 3: Convert the percentage increase to a decimal by dividing by 100. So, 12% becomes 0.12.
Step 4: Calculate the amount of the increase by multiplying the current salary by the decimal. So, $1,500 * 0.12 = $180.
Step 5: Add the increase to the current salary to find the new salary. So, $1,500 + $180 = $1,680.
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