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

Practice Questions

Q1
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?
  1. $2200
  2. $2300
  3. $2400
  4. $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.
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