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Answer: Either of the following methods:
1. ((New pay rate / old pay rate) - 1) * 100
2. ((New pay rate - old pay rate) / old pay rate ) * 100
Proof:
If old pay rate = 15 $/hr and new pay rate = 18 $/hr, then:
1. ((18 / 15) - 1) * 100 = 20%
2. ((18 - 15) / 15) * 100 = 20%
Check:
old pay rate * (decimal version of 20%=0.20) + old pay rate = new pay rate
15 * 0.20 + 15 = 18
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How do you calculate 3 percent raise?
To calculate a 3% raise, you need to multiply your current salary by .03. The amount you come up with will give you your raise. You can add these amounts together and get your total salary. Or multiply by 1.03 and save a step.
How do you calculate your pay for the day if you are being paid an hourly wage?
the hourly rate times the hours worked
How do you calculate overtime?
To calculate overtime, you multiply 1.5% times your hourly wage. When you get that, you multiply that times your overtime hours worked.
What is a 10 percent raise from a 26.00 an hour?
$28.60 an hour after the 10% raise.
How do you Calculate the Percent to Plan?
To calculate the Percent to Plan, you can first substitute the variable X for the percent and the variable Y for the Plan, and then you can solve for the end rate of percent to plan easily.
