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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

    © BrainMass Inc. brainmass.com March 4, 2021, 5:57 pm ad1c9bdddf
    https://brainmass.com/business/finance/finance-salary-increase-merit-20036

    Solution Summary

    A salary increase is calculated.

    $2.49

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