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If Martin had an annual salary of 22000 in 1995 wich was increased to 23100 in 1996 what percent increase does this represent?
Wiki User
∙ 14y ago
Increase form 22000 to 23100 is an increase of 1100.
1100 increas on 22000, in percentage terms, is
100*1100/22000 = 100*1/20 = 5%
Alternatively, 23100 is 100*23100/22000 = 105% of 22000 - so an increase of 5%.
Wiki User
∙ 14y ago
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