Understanding Hank's Wage Increase

The video tutorial explains how to calculate a raise in hourly wage using percentages. It demonstrates converting a percentage to a decimal and multiplying it by the current wage to find the raise amount. The tutorial also covers rounding to the nearest cent and provides two methods to determine the new hourly wage: adding the raise to the current wage or calculating 106% of the current wage. The video concludes with a summary of the methods used.

What is Hank's current hourly wage before the raise?

• $18.25

• $18.00

• $19.35

• $19.00

How do you convert a percentage to a decimal for calculation purposes?

• Add 0.1

• Multiply by 100

• Divide by 10

• Divide by 100

What is the decimal equivalent of 6%?

• 6.0

• 0.06

• 0.6

• 0.006

What is the calculated raise per hour before rounding?

• $1.095

• $1.09

• $1.11

• $1.10

Why do we round up the calculated raise to $1.10?

• Because the hundredths place is 9

• Because the thousandths place is 5

• Because the hundredths place is 5

• Because the tenths place is 1

What is Hank's new hourly wage after the raise?

• $19.00

• $19.35

• $19.50

• $19.25

How can you calculate the new wage using the percentage method?

• Multiply 18.25 by 1.06

• Add 6% to 18.25

• Multiply 18.25 by 0.06

• Subtract 6% from 18.25

What does 106% represent in the context of calculating the new wage?

• The original wage plus the raise

• The total new wage

• The raise amount

• The original wage

What is the final rounded new hourly wage using the percentage method?

• $19.35

• $19.30

• $19.40

• $19.45

Which method can be used to verify the new hourly wage calculation?

• Dividing the original wage by 1.06

• Multiplying the original wage by 0.06

• Subtracting the raise from the original wage

• Adding the raise to the original wage