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