Last year Jess earned $8.50
$
8.50
an hour at work. After a raise, she now earns $9.85
$
9.85
an hour. What is the percent change in her hourly wages? Round your answer to the nearest hundredth.(1 point)
Responses
0.1588%
0.1588
%
0 point 1 5 8 8 percent
0.1371%
0.1371
%
0 point 1 3 7 1 percent
15.88%
15.88
%
15 point 8 8 percent
13.71%
To find the percent change in Jess's hourly wages, we can use the formula:
Percent change = ((New value - Old value) / Old value) * 100
Using this formula, we can calculate the percent change as follows:
New value = $9.85
Old value = $8.50
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%.