Javier is a lawyer who used to charge his clients $230 per hour. Javier recently reconsidered his rates and ultimately decided to charge $276 per hour. What was the percent of increase in the billing rate?

Answer 1

To find the percent increase in the billing rate, we first need to calculate the difference between the new rate and the old rate.

Old rate: $230
New rate: $276

Difference = New rate - Old rate
Difference = $276 - $230
Difference = $46

Next, we need to find the percent increase. We can do this by dividing the difference by the old rate and then multiplying by 100 to get the percentage.

Percent increase = (Difference/Old rate) * 100
Percent increase = ($46/$230) * 100
Percent increase = 0.2 * 100
Percent increase = 20%

Therefore, the percent increase in Javier's billing rate is 20%.