Tudor and Rani, two sales representatives in a company, were earning $2,830 per month and $2,875 per month, respectively. After a yearly appraisal, if Tudor's salary increase by 15% and Rani's increased by 11%, who had the higher salary?
To find Tudor's new salary after a 15% increase, we can calculate:
Tudor's new salary = Tudor's current salary + (Tudor's current salary * 15%)
Tudor's new salary = $2,830 + ($2,830 * 0.15)
Tudor's new salary = $2,830 + $424.50
Tudor's new salary = $3,254.50
To find Rani's new salary after an 11% increase, we can calculate:
Rani's new salary = Rani's current salary + (Rani's current salary * 11%)
Rani's new salary = $2,875 + ($2,875 * 0.11)
Rani's new salary = $2,875 + $316.25
Rani's new salary = $3,191.25
Comparing Tudor and Rani's new salaries, we can see that Tudor now has the higher salary at $3,254.50.