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) Responses 0.1371% 0 point 1 3 7 1 percent 13.71% 13 point 7 1 percent 0.1588% 0 point 1 5 8 8 percent 15.88%

1 answer

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

\[ \text{Percent Change} = \left( \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \right) \times 100 \]

Given that her old wage was $8.50 and her new wage is $9.85:

  1. Calculate the difference: \[ \text{New Value} - \text{Old Value} = 9.85 - 8.50 = 1.35 \]

  2. Calculate the percent change: \[ \text{Percent Change} = \left( \frac{1.35}{8.50} \right) \times 100 \approx 15.88% \]

Therefore, the percent change in her hourly wages is approximately 15.88%.