Table 2.5

-Refer to the table above. By what percentage did the federal minimum wage increase from 1974 to 2011?
A) 72.41 percent
B) 262.5 percent
C) 362.5 percent
D) 525.0 percent

Question

Table 2.5
 
-Refer to the table above. By what percentage did the federal minimum wage increase from 1974 to 2011?
A) 72.41 percent 
B) 262.5 percent 
C) 362.5 percent 
D) 525.0 percent

Quizplus · Accepted Answer

The federal minimum wage in 1974 was $2.00, and in 2011 it was $7.25. The increase is $5.25 ($7.25 - $2.00). To find the percentage increase: ($5.25 / $2.00) * 100 = 262.5 percent.

Table 2.5 -Refer to the Table Above. by What Percentage Did the What