An employee receives a pay increase from $35,000 per year to $37,500 per year. calculate the percent increase. round to the nearest tenth of a percent.

The percentage increase in salary of employee is 7.14 %  

Step-by-step explanation:

Given as :

The initial pay of employee = $35,000 per year

The increase pay of employee = $37,500 per year

Let The percentage increase in salary =  X %

So, X  =  × 100

Or, X  =  × 100

Or,  X  =  × 100

∴     X = 0.0714  × 100  = 7.14 %

Hence The percentage increase in salary of employee is 7.14 %   Answer

Percentage increase = 7.14%

Step-by-step explanation:

An employee receives a pay increase from $35,000 per year to $37,500 per year. This means that the previous amount that the employee was receiving is $35,000 per year.

The amount that the employee is currently receiving is $37,500

Increase in pay =

The amount that the employee is currently receiving per year - previous amount that the employee was receiving per year. This means

Increase in pay = 37,500 - 35,000

= $2500

The percent increase = Increase in pay / previous amount that the employee was receiving per year × 100. It becomes

2500/35000 × 100

7.14%

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