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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.  )

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