How Do I Calculate A Percentage Of Increase In My Salary Or Investment?

hank | Feb 06, 2010 | View Comments


Photo by: hasmil

Hank, I just got a raise at work from $35,000AUD to $42,000AUD – what is that percentage of increase, more so, how do I calculate it? - Gerald from Perth

Hey Gerald – good question, people wonder that more than you think. So the way to calculate a percent increase between two numbers:

1. Take the difference between two numbers (this can be a subtracted either way because the number will just be a negative) $42,000 – $35,000 = $7,000
2. Take the difference ($7,000) and divide by the original number: $7,000/$35,000 = 0.20
3. Finally, multiply the number above by 100. (0.20*100 = 20%)

You’ve gotten a 20% raise! Which is far better than the standard “cost of living increase” of about 3.1%! Nice job!

(Thanks to OnFinancialSuccess for the typo fix resolve.  :) )

Filed Under: Compensation • Readers Requests • advice

  • Elke
    to Dan: $23450yearly pay/52weeks/35hours=12.89(current hourly pay)+0.75(increase)=13.64(new hourly pay).
    For the percentages: 0.75/12.89*100=5.82%

    I hope this helps.
  • dan
    my salary is £23,540 p.a
    i work a 35 hour week
    my question is ?
    if i wanted a 75 pence an hour increase, what is the overall percentage increase on my annul salary ?
    thank you
  • About increase in salary, over here in Malaysia its based on the boss whether they will give you a raise or not. Sometimes you don't get any raise in 3 years.
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