Your employment contract calls for a 5% annual raise. If the - ProProfs Discuss
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Your employment contract calls for a 5% annual raise. If the inflation rate is 11.3%, what is your resulting “raise”? (You can use a calculator)



A. A 6.3% reduction (from the original value)
B. A 5.6% reduction (from the original value)
C. A 6.3% raise (from the original value)
D. A 5.6% raise (from the original value)

This question is part of Numeracy Test
Asked by Mfassihimhv, Last updated: Dec 05, 2017

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1 Answer

John Smith

John Smith

Answered on May 25, 2017

A 5.6% reduction (from the original value)
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