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Question:

Mark received an hourly wage of $9.25. His boss gave him a 4% raise. How much does Mark make per hour now?

A $9.62
Explaination

To calculate the new wage, start off by taking $9.25 × 0.04 = $0.37. Then add that number (the amount of Mark’s raise) to his original hourly wage. Mark’s new hourly wage is $9.25 + $0.37 = $9.62.