The monthly salary of a man increased from N2,700 to N3,200. Find the percentage increase
Answer Details
We can use the formula for percentage increase:
percentage increase = (new value - old value) / old value x 100%
Here, the old salary was N2,700 and the new salary is N3,200.
So, the percentage increase in salary would be:
= (3200 - 2700) / 2700 x 100%
= 500 / 2700 x 100%
= 0.185 x 100%
= 18.5%
Therefore, the percentage increase in the man's salary is 18.5%.
Hence, the answer is: 18.5%.