Answer :
Hourly rate is defined as the wage rate that is paid by the employer to the employees depending upon the every hour they worked. It generally remain consistent.
How much more do new clients pay?
Given Information:
Hourly rate for existing clients=$20.00
Hourly rate for new clients=$25.0
Solution:
Percentage difference=(Absolute difference/average)*100
Percentage difference=($25.00-$20.00/$25.0+20.00/2)*100
Percentage difference=22.22%
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