Joy Lindman, Who Works for GE, Receives an Annual Salary

question 137

Short Answer

Joy Lindman, who works for GE, receives an annual salary of $85,000. Today she was informed by her boss that she will be receiving a $3,000 raise. What percent of her old salary is the $3,000 raise? (Round to nearest hundredth percent.)

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Definitions:

Drones

Unmanned aerial vehicles (UAVs) controlled by remote or onboard computers, used for a variety of purposes, including surveillance, delivery, and filming.

Total Variable Costs

The sum of all costs that vary with the level of production, such as materials and labor costs.

Microwave Ovens

Appliances that use microwave radiation to heat and cook food quickly.

Average Fixed Costs

The total fixed costs of production divided by the number of units produced, representing the per-unit fixed cost.