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Pay Raise worksheet

Grade 7 · CCSS 7.RP.A.3

Solve each problem and show your work. Round answers to 2 decimal places where needed.

1.
Problem 1.
- I know…: The raise as an amount
- Current pay: $60,000 per year
- Raise amount: $2,600
Find: New pay (a year)
Answer
2.
Problem 2.
- I know…: My old and new pay
- Current pay: $52,500 per year
- New pay: $50,000
Find: Raise percentage
Answer
3.
Problem 3.
- I know…: The raise as an amount
- Current pay: $55,000 per year
- Raise amount: $2,800
Find: New pay (a year)
Answer
4.
Problem 4.
- I know…: The raise as a percent
- Current pay: $72,000 per year
- Raise: 5%
Find: New pay (a year)
Answer
5.
Problem 5.
- I know…: The raise as a percent
- Current pay: $55,000 per year
- Raise: 4%
Find: New pay (a year)
Answer
6.
Problem 6.
- I know…: The raise as a percent
- Current pay: $50,000 per year
- Raise: 5%
Find: New pay (a year)
Answer
7.
Problem 7.
- I know…: The raise as a percent
- Current pay: $90,000 per year
- Raise: 6%
Find: New pay (a year)
Answer
8.
Problem 8.
- I know…: The raise as a percent
- Current pay: $72,500 per year
- Raise: 4%
Find: New pay (a year)
Answer
9.
Problem 9.
- I know…: My old and new pay
- Current pay: $55,000 per year
- New pay: $50,000
Find: Raise percentage
Answer
10.
Problem 10.
- I know…: The raise as an amount
- Current pay: $60,000 per year
- Raise amount: $1,800
Find: New pay (a year)
Answer

Answer key: Pay Raise worksheet

1. New pay (a year): $62,600.00
1. Add the raise to your current pay to get your new pay
  $$60,000.00 + $2,600.00$ $= $62,600.00$
2. Divide the raise by your current pay and multiply by 100 to see it as a percent
  $\frac{$2,600.00}{$60,000.00} \times 100$ $= 4.3333%$
3. If you're paid every two weeks, you get 26 paychecks a year, so split the yearly increase 26 ways
  $\frac{$2,600.00}{26}$ $= $100.00$
2. Raise percentage: -4.76%
1. Find the raise in dollars: your new pay minus your old pay
  $$50,000.00 - $52,500.00$ $= −$2,500.00$
2. Divide the raise by your old pay and multiply by 100. Raises are always measured against the old pay
  $\frac{−$2,500.00}{$52,500.00} \times 100$ $= −4.7619%$
3. If you're paid every two weeks, you get 26 paychecks a year, so split the yearly increase 26 ways
  $\frac{−$2,500.00}{26}$ $= −$96.15$
3. New pay (a year): $57,800.00
1. Add the raise to your current pay to get your new pay
  $$55,000.00 + $2,800.00$ $= $57,800.00$
2. Divide the raise by your current pay and multiply by 100 to see it as a percent
  $\frac{$2,800.00}{$55,000.00} \times 100$ $= 5.0909%$
3. If you're paid every two weeks, you get 26 paychecks a year, so split the yearly increase 26 ways
  $\frac{$2,800.00}{26}$ $= $107.69$
4. New pay (a year): $75,600.00
1. Find the raise in dollars: your current pay times the raise percentage
  $$72,000.00 \times 5%$ $= $3,600.00$
2. Add the raise to your current pay to get your new pay
  $$72,000.00 + $3,600.00$ $= $75,600.00$
3. If you're paid every two weeks, you get 26 paychecks a year, so split the yearly increase 26 ways
  $\frac{$3,600.00}{26}$ $= $138.46$
5. New pay (a year): $57,200.00
1. Find the raise in dollars: your current pay times the raise percentage
  $$55,000.00 \times 4%$ $= $2,200.00$
2. Add the raise to your current pay to get your new pay
  $$55,000.00 + $2,200.00$ $= $57,200.00$
3. If you're paid every two weeks, you get 26 paychecks a year, so split the yearly increase 26 ways
  $\frac{$2,200.00}{26}$ $= $84.62$
6. New pay (a year): $52,500.00
1. Find the raise in dollars: your current pay times the raise percentage
  $$50,000.00 \times 5%$ $= $2,500.00$
2. Add the raise to your current pay to get your new pay
  $$50,000.00 + $2,500.00$ $= $52,500.00$
3. If you're paid every two weeks, you get 26 paychecks a year, so split the yearly increase 26 ways
  $\frac{$2,500.00}{26}$ $= $96.15$
7. New pay (a year): $95,400.00
1. Find the raise in dollars: your current pay times the raise percentage
  $$90,000.00 \times 6%$ $= $5,400.00$
2. Add the raise to your current pay to get your new pay
  $$90,000.00 + $5,400.00$ $= $95,400.00$
3. If you're paid every two weeks, you get 26 paychecks a year, so split the yearly increase 26 ways
  $\frac{$5,400.00}{26}$ $= $207.69$
8. New pay (a year): $75,400.00
1. Find the raise in dollars: your current pay times the raise percentage
  $$72,500.00 \times 4%$ $= $2,900.00$
2. Add the raise to your current pay to get your new pay
  $$72,500.00 + $2,900.00$ $= $75,400.00$
3. If you're paid every two weeks, you get 26 paychecks a year, so split the yearly increase 26 ways
  $\frac{$2,900.00}{26}$ $= $111.54$
9. Raise percentage: -9.09%
1. Find the raise in dollars: your new pay minus your old pay
  $$50,000.00 - $55,000.00$ $= −$5,000.00$
2. Divide the raise by your old pay and multiply by 100. Raises are always measured against the old pay
  $\frac{−$5,000.00}{$55,000.00} \times 100$ $= −9.0909%$
3. If you're paid every two weeks, you get 26 paychecks a year, so split the yearly increase 26 ways
  $\frac{−$5,000.00}{26}$ $= −$192.31$
10. New pay (a year): $61,800.00
1. Add the raise to your current pay to get your new pay
  $$60,000.00 + $1,800.00$ $= $61,800.00$
2. Divide the raise by your current pay and multiply by 100 to see it as a percent
  $\frac{$1,800.00}{$60,000.00} \times 100$ $= 3%$
3. If you're paid every two weeks, you get 26 paychecks a year, so split the yearly increase 26 ways
  $\frac{$1,800.00}{26}$ $= $69.23$