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    Finance : Salary Increase

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    Bert will receive a promotion next month. He will receive a 12.5% salary increase, a 5.55% cost of living adjustment, and a 6.8% merit increase. What will his new salary be if his present salary is $26,990?

    a.$34,212.06 b.$30,775.64 c.$33,683.52 d.not given

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    Solution Summary

    A salary increase is calculated.