Math Problem Statement
Solution
We are given that Janice's monthly salary is 25% more than Fanny's monthly salary. Fanny's salary for 6 months is $27,000, and we need to find Janice's annual salary.
Let's break this down step by step:
Step 1: Determine Fanny's Monthly Salary
Since Fanny's salary for 6 months is $27,000, we can find her monthly salary by dividing this amount by 6:
Step 2: Determine Janice's Monthly Salary
Janice's salary is 25% more than Fanny's. So, Janice's monthly salary can be calculated as follows:
Step 3: Determine Janice's Annual Salary
To find Janice's annual salary, we multiply her monthly salary by 12 (since there are 12 months in a year):
Thus, Janice's annual salary is $67,500.
Would you like more details or explanations? Here are some follow-up questions to further explore this:
- How would the solution change if Janice's salary was 30% more than Fanny's?
- What is the percentage increase in Janice's salary over Fanny's on an annual basis?
- If Fanny received a raise and her salary increased by $500 per month, what would be Janice's new annual salary?
- How can this problem be extended to calculate total salary over multiple years with different percentage increases?
- How would we calculate Janice's salary if we were given her salary after taxes, assuming a tax rate?
Tip: When dealing with percentage increases, always find the original base value first before applying the percentage to avoid errors.
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Math Problem Analysis
Mathematical Concepts
Percentage Increase
Basic Algebra
Formulas
Fanny's monthly salary = Total 6-month salary / 6
Janice's monthly salary = Fanny's monthly salary + 25% of Fanny's monthly salary
Janice's annual salary = Janice's monthly salary * 12
Theorems
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Suitable Grade Level
Grades 6-8