Last year Jess earned $8.50 an hour at work. After a raise, she now earns $9.85 an hour. What is the percent change in her hourly wages? Round your answer to the nearest hundredth.(1 point)
Responses
To find the percent change in Jess's hourly wages, we can use the percent change formula:
Percent Change = (New Value - Old Value) / Old Value * 100
Old Value = $8.50
New Value = $9.85
Percent Change = ($9.85 - $8.50) / $8.50 * 100
Percent Change = $1.35 / $8.50 * 100
Percent Change = 0.1588 * 100
Percent Change = 15.88%
Therefore, the percent change in Jess's hourly wages is 15.88%.