Money at Work / Sample lesson3 min
A raise is more than a bigger number.
A salary moving from $50,000 to $53,000 is a $3,000 raise. To find the percentage increase, divide the raise by the original salary, then multiply by 100.
3,000 ÷ 50,000 × 100 = 6%
Use the same calculation to compare offers or track how your pay changes over time. Compare benefits and working hours separately, too.
30-second check: $40,000 → $42,000. What’s the raise?
5%. The $2,000 increase divided by $40,000 is 0.05. Multiply by 100 to express it as a percentage.