Question

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?

• A. 10%
• B. 12%
• C. 15%
• D. 20%

Answer 1

Answer:

B. 12%

$\frac{38640-34500}{34500}\times 100$