Wells's Solar Systems manufactures solar panels, and their business is growing. Last year, they hired 96 new employees, and this year they have hired 120 new employees. What is the percent of increase in the number of employees hired each year?____%
Q. Wells's Solar Systems manufactures solar panels, and their business is growing. Last year, they hired 96 new employees, and this year they have hired 120 new employees. What is the percent of increase in the number of employees hired each year?____%
Calculate Increase: Calculate the increase in the number of employees hired from last year to this year.Increase = This year's hires - Last year's hiresIncrease = 120−96Increase = 24
Calculate Percentage Increase: Calculate the percentage increase based on last year's hires.Percentage Increase = (Increase/Last year’s hires)×100%Percentage Increase = (24/96)×100%Percentage Increase = 0.25×100%Percentage Increase = 25%
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