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10 Jan 2016, 08:01
00:00

Difficulty:

5% (low)

Question Stats:

95% (00:57) correct 5% (01:19) wrong based on 134 sessions

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An employee’s annual salary was increased $15,000. If her new annual salary now equals$90,000, what was the percent increase?

A. 15%
B. 162⁄3%
C. 20%
D. 22%
E. 24%

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Joined: 12 Jun 2015
Posts: 39
Schools: Sloan '19
Re: An employee’s annual salary was increased $15,000. If her new annual [#permalink] ### Show Tags 11 Jan 2016, 06:40 New annual salary =$90,000
Salary increase = $15,000. Original salary =$90,000 - $15,000. =$75,000

%Increase = ($15,000/$75,000 )*100
=20%
Hence C.
Intern
Joined: 11 Dec 2012
Posts: 25
Re: An employee’s annual salary was increased $15,000. If her new annual [#permalink] ### Show Tags 11 Jan 2016, 10:10 Initial salary is$75000=$90000-$15000

Final salary is $90000 Percent Increase=(Final-Initial/Initial)*100; Hence: (90-75/75)*100=20% Manager Joined: 07 May 2015 Posts: 175 Location: India GMAT 1: 660 Q48 V31 GPA: 3 Re: An employee’s annual salary was increased$15,000. If her new annual  [#permalink]

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11 Jan 2016, 19:37
90000-15000 = 70000 original salary

Percentage change = (15000/75000)*100 = 20

Ans: C
Manager
Joined: 18 Oct 2016
Posts: 139
Location: India
WE: Engineering (Energy and Utilities)
Re: An employee’s annual salary was increased $15,000. If her new annual [#permalink] ### Show Tags 18 Apr 2017, 00:28 Option C Change in Salary = 15,000$

Salary before change = 90,000 - 15,000 = 75,000$% Change = 15,000*100/75,000 = 20% _________________ Press Kudos if you liked the post! Rules for posting - PLEASE READ BEFORE YOU POST Director Joined: 04 Dec 2015 Posts: 750 Location: India Concentration: Technology, Strategy WE: Information Technology (Consulting) Re: An employee’s annual salary was increased$15,000. If her new annual  [#permalink]

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17 May 2017, 13:41
An employee’s annual salary was increased $15,000. If her new annual salary now equals$90,000, what was the percent increase?

A. 15%
B. 162⁄3%
C. 20%
D. 22%
E. 24%

Let old salary be = x
Salary increased = $15000 New salary = x + 15000 =$90000
x = 90000 - 15000 = $75000 Change in salary =$15000
Percentage increase = Change / Initial salary x 100 = $$\frac{15000}{75000}$$ x 100 = 20%

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Joined: 30 May 2012
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Location: United States (TX)
Concentration: Finance, Marketing
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Re: An employee’s annual salary was increased $15,000. If her new annual [#permalink] ### Show Tags 05 Sep 2017, 13:28 Bunuel - I don't know if it is just me (apparently, I am the only one asking this question, so might as well just be me...lol) but shouldn't there be a preposition (e.g., by) before the number$15000? The reason why I ask is because I tried to understand what that 15000 meant. For e.g., there is a big difference between:

1. An employee’s annual salary was increased from $15,000. (This is how I understood) and 2. An employee’s annual salary was increased by$15,000. (Clearly, this is how it is to be understood)

I don't know if this way of interpretation (without a preposition) is implicit and is it to be understood that the increase was by $15000. Just asking! Re: An employee’s annual salary was increased$15,000. If her new annual   [#permalink] 05 Sep 2017, 13:28
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