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Question
the table shows median annual earnings for women and men with various levels of education. as a percentage, how much more does a man with a bachelors degree earn than a woman with a bachelors degree? assuming the difference remains constant over a 40-year career, how much more does the man earn than the woman?
| high school only | associates degree only | bachelors degree only | professional degree | |
|---|---|---|---|---|
| men | $40,406 | $50,456 | $66,539 | $119,561 |
a man with a bachelor’s degree earns \\(\square\\)% more annually than a woman with a bachelor’s degree.
(round to the nearest whole number as needed.)
Step1: Find the difference in earnings
The formula for percentage increase is \(\frac{\text{New Value}-\text{Old Value}}{\text{Old Value}}\times100\). Here, the man's earnings (\(66539\)) is the new value and the woman's earnings (\(49212\)) is the old value. First, find the difference: \(66539 - 49212=17327\).
Step2: Calculate the percentage increase
Now use the percentage - increase formula: \(\frac{17327}{49212}\times 100\).
Rounding \(35.21\) to the nearest whole number gives \(35\).
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\(35\)