A man's hourly wage increased from $12.50 to $13.50. What percent raise did he get?

Answer 1

This is a classic problem that requires you to calculate the percentage change of a number relative to an initial value. To calculate the percentage change, do the following:

1. Find the difference between the initial and final values
2. Divide the difference by the initial value
3. Convert the quotient to a percentage

%change = [final value - initial value] divided by [initial value] multiplied by 100

Find the difference between the initial and final values

In this case, a man's hourly wage increased from $12.50 to $13.50. The difference between the hourly wages is $13.50 - $12.50 = $1.00.

Divide the difference by the initial value

$12.50 is the initial hourly wage

[$1.00 ÷ $12.50] = 0.08

Convert the quotient to a percentage

0.08 x 100 = 8%

The man's hourly wage increased by 8%.