Lee Wong receives an annual salary of $65,000 from CVS Pharmacy. Today his boss informs his that he will be getting a $3,000 raise. The percent increase rounded to the nearest tenth percent is...How do I solve this question?

Question

anonymous · Answer

new salary is 65000+3000 = 68000
divide by old salary
68000/65000 =  1.04615...
multiply by 100 to get a percent = 104.615%
minus 100% to get just the increase = 4.615%

and round to 4.6%

anonymous · Answer

why do you minus 100%

anonymous · Answer

you want to figure out what the raise is, this is just the extra on top of his original salary. his new salary is 104% of his old salary, he gets 4% extra..

anonymous · Answer

oh ok thank you