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Rick Palmer Received a $2,500 Raise This Year

Question 92

Multiple Choice

Rick Palmer received a $2,500 raise this year.This increased his salary as an associate TV producer from $45,000 to $47,500.What percentage increase in nominal income did Rick receive?


A) 2.5 percent
B) 5.3 percent
C) 5.6 percent
D) 7.8 percent

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