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Getting a pay raise.

Getting a pay raise. Percent Increase. Sometimes we get an increase in pay. How do we calculate the % increase? We can use a simple formula:. Example. Irfan made $35000 in 2004 as an accounting clerk. The next year, his pay was $37500. What was the % increase in his pay?

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Getting a pay raise.

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  1. Getting a pay raise.

  2. Percent Increase. • Sometimes we get an increase in pay. How do we calculate the % increase? • We can use a simple formula:

  3. Example. • Irfan made $35000 in 2004 as an accounting clerk. The next year, his pay was $37500. What was the % increase in his pay? = 7.14% . Irfan would receive a 7.14% raise.

  4. Minimum Wage what is it? • Minimum wage is a good thing. Why? • http://www.youtube.com/watch?v=ca8Z__o52sk • What is it now? • $10.25/hr • What do you think about minimum wage?

  5. Percent Decrease • Percent decrease is calcualted the exact same way as percent increase.

  6. Example • Say minimum wage decreases from $10.25/hr to $9.50/hr. What is the % decrease? = -7.31%. So minimum wage decreased by 7.31%

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