Question

Last year Jess earned $8.50 an hour at work. After a raise, she now earns $9.85 an hour. What is the percent change in her hourly wages? Round your answer to the nearest hundredth.(1 point)

Answer 1

To calculate the percent change in Jess's hourly wages, we can use the formula for percent change:

\[
\text{Percent Change} = \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \times 100\%
\]

In this case, her old value is $8.50, and her new value is $9.85.

1. Calculate the difference between the new and old wages:

\[
9.85 - 8.50 = 1.35
\]

2. Now, divide this difference by the old value:

\[
\frac{1.35}{8.50} \approx 0.1588235294
\]

3. Multiply by 100 to convert to a percentage:

\[
0.1588235294 \times 100 \approx 15.88235294
\]

4. Finally, round to the nearest hundredth:

\[
15.88\%
\]

Thus, the percent change in Jess's hourly wages is approximately **15.88%**.