Respuesta :
Given that the pay was $44,000 last year and $53,000 this year, the compensation will have increased by 20.45%.
What is percent?
In essence, percentages are fractions with a 100 as the denominator. We place the percent sign (%) next to the number to indicate that the number is a percentage. For instance, you would have received a 75% grade if you answered 75 out of 100 questions correctly on a test (75/100). Percentage is defined as "out of 100." Similar to fractions and decimals, percentages are used in mathematics to represent subsets of a whole. When expressing a sum as a percentage, 100 equal parts are considered to make up the whole.
Here,
Salary of staff last year=$44,000
Salary of staff this year=$53,000
The percent increase,
=(53000-44000)/44000*100
=20.45%
The percent increase in the salary will be 20.45% as the salary last year was $44,000 and the salary this year is $53,000.
To know more about percent,
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