In this post, i will teach you how to calculate your annual payment also with the percentage added.As a worker, you receive monthly salary from your working place.The company may decided to offer you a percentage as an old worker.
So if you are salary earner, this guide will help you a lot. i will also teach you how to calculate your annual percentages and the payment as whole.
Mr Frank receives ₦360000 annually ( yearly).His annual gain is increased by 10%.
(i) Calculate his new annual income
(ii) Find his new monthly income
Now, we will calculates the new annual income( new yearly payment) and the new monthly salary since 10% is added.
Solution
10 ₦360000
= ----------- x --------------
100 1
10 x ₦3600
= -----------------%
1
= 36000 + 360000
= ₦396000 new yearly salary ( not 360000 again )
33000
(ii) 3960000
= ---------------
1
= ₦33000 new monthly income
New monthly salary is now ₦33000.Do not forget, 12 months make a year, annual will be divided by 12 months, that means each month, the worker will receive ₦33000 every months
Now let me break it down:
=₦33000 - ₦30000
= ₦3000 difference
old salary = ₦30000
new salary = ₦33000
That is how to calculate annual/monthly salary when any % is added.
We will look at another insurance guide based on selling price and increment of a product/ commodity.
The selling price of a products increased from ₦500000 to ₦850000. Find
(a) the difference in the initial mark price and the new price.
(b) the percentage increase
Solution
(a) = ₦850000 - ₦500000
= ₦350 000 (difference)
(b) increase 100
------------------- x ---------
initial value 1
70
₦350 000 100
= ------------------ x -------
₦5000 00 1
1
70
= ----------
1
= 70% percentage increase
70% is what the company added that increased the commodity price from :
₦500000 to ₦850000.
If you are a business personal, make sure you study this guides.
If you have any questions, please put them in the comments box.
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