Mary received a 2% salary raise on her original salary of $160,000. What is her new salary?

Mary received a 2% salary raise on her original salary of $160,000. What is her new salary?

• A. $166,600
• B. $163,200
• C. $168,600
• D. $164,500

Answer: (B)

To find Mary's new salary after receiving a 2% raise on her original salary of $160,000, you first need to calculate the amount of the raise. This is done by taking 2% of $160,000. To calculate 2%: 1. Convert the percentage to a decimal: 2% = 0.02. 2. Multiply this decimal by the original salary: 0.02 × $160,000 = $3,200. Now, add this raise to the original salary to determine the new salary: - Original salary: $160,000 - Raise: $3,200 - New salary: $160,000 + $3,200 = $163,200. Therefore, Mary's new salary is $163,200, which corresponds with the correct answer. This method of calculation is straightforward and ensures that you accurately reflect the increase based on the original salary.

To find Mary's new salary after receiving a 2% raise on her original salary of $160,000, you first need to calculate the amount of the raise. This is done by taking 2% of $160,000.

To calculate 2%:

1. Convert the percentage to a decimal: 2% = 0.02.

2. Multiply this decimal by the original salary:

0.02 × $160,000 = $3,200.

Now, add this raise to the original salary to determine the new salary:

• Original salary: $160,000

• Raise: $3,200

• New salary: $160,000 + $3,200 = $163,200.

Therefore, Mary's new salary is $163,200, which corresponds with the correct answer. This method of calculation is straightforward and ensures that you accurately reflect the increase based on the original salary.