Question
Jerry is currently paid $567 for working a 45 hour week. His weekly salary is to be increased by 10% but his hours are to be reduced by 10%.
Calculate the change from his old hourly rate of pay to his new hourly rate of pay.
Calculate the change from his old hourly rate of pay to his new hourly rate of pay.
Answers
Damon
present pay rate = 567/45 = 12.6 $/h
new salary = 567*1.1 = 623.7
new hours = .9*45 = 40.5
new pay rate = 623.7/40.5 = 15.4 $/h
change = 15.4 - 12.6 = 2.8 $/hour
new salary = 567*1.1 = 623.7
new hours = .9*45 = 40.5
new pay rate = 623.7/40.5 = 15.4 $/h
change = 15.4 - 12.6 = 2.8 $/hour