L3: Ratio, proportion and percent

•   $56,250

• $75,000

• $150,000

• $168,750

Bill has received a wage increase.  His new hourly wage is $14.30 compared to his previous wage of $12.95.  Find the percent increase in Bill’s hourly wage.

• 10.42%

• 9.44%

• 110.42%

• 90.56%

Betty earned $35,000 in the base year of 1992.  In 2004, the consumer price index stood at 124.6.  Today Betty earns $55,000.  Find the value of her current salary of $55,000 in terms of 1992 dollars.

• $68 530

• $28,089.89

• $44,141.25

• $41,250

After a reduction of 20%, the amount paid for an MP3 Player was $103.92. What was the price before the reduction? 

• $123.92

• $129.90

• $124.71

• $187.06

Carole consolidated her debt.  This process reduced her monthly payments from $635 to $421.  What percent reduction does this represent?

• 33.7%

• 21.4%

• 15.1%

• 66.3%