A company increased the salary of its employees by 15%. If an employee's current

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What’s inside this PDF?

Question: A company increased the salary of its employees by 15%. If an employee\'s current salary is $2000, what will be the new salary after the increase?

Options:

$2200
$2300
$2400
$2500

Correct Answer: $2200

Solution:

New salary = Current salary + (15% of Current salary) = 2000 + (0.15 * 2000) = 2000 + 300 = 2300.

A company increased the salary of its employees by 15%. If an employee's current

Practice Questions

A company increased the salary of its employees by 15%. If an employee's current salary is $2000, what will be the new salary after the increase?

$2200
$2300
$2400
$2500

Questions & Step-by-Step Solutions

A company increased the salary of its employees by 15%. If an employee's current salary is $2000, what will be the new salary after the increase?

Correct Answer: 2300

Step 1: Identify the current salary of the employee, which is $2000.
Step 2: Calculate 15% of the current salary. To do this, multiply the current salary by 0.15: 2000 * 0.15.
Step 3: Perform the multiplication: 2000 * 0.15 = 300.
Step 4: Add the result from Step 3 to the current salary: 2000 + 300.
Step 5: Perform the addition: 2000 + 300 = 2300.
Step 6: The new salary after the increase is $2300.

Percentage Increase – Understanding how to calculate a percentage increase on a given amount.
Basic Arithmetic – Performing addition and multiplication to find the new salary.

A company increased the salary of its employees by 15%. If an employee's current

What’s inside this PDF?

A company increased the salary of its employees by 15%. If an employee's current

Practice Questions

Questions & Step-by-Step Solutions

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