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Mary got a raise of 2% on her salary. If her original salary was 160,000, how much is it after the raise is implemented?

a) 163,200
b) 163,520
c) 164,000
d) 164,320

Answer :

Final answer:

The correct answer is a) 163,200. Mary's salary after a 2% raise on her original salary of $160,000 is calculated by determining the salary increase ($3,200) and then adding it to her original salary, resulting in a new salary of $163,200.

Explanation:

The correct answer is a) 163,200. When calculating how much Mary's salary is after a 2% raise on her original salary of $160,000, we need to determine the increase in her pay and then add that to her original salary. A 2% raise means that for every $100 Mary earns, she will receive an additional $2. To calculate the amount of the raise, multiply her original salary by 2%, or 0.02:

Salary increase = Original Salary × Percentage Increase

Salary increase = $160,000 × 0.02

Salary increase = $3,200

Now, add this increase to her original salary:

New Salary = Original Salary + Salary Increase

New Salary = $160,000 + $3,200

New Salary = $163,200

So, after the raise, Mary's salary will be $163,200.

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