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Last year, Ranjan’s monthly salary was 34,500, and this year his monthly salary is 38,640. What is the percentage increase in Ranjan’s monthly salary this year over last year?

A10%

B12%

C15%

D20%

Answer:

B. 12%

Read Explanation:

386403450034500×100\frac{38640-34500}{34500}\times 100


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