A factory employs 50 workers, 40 earn 450/hour and 10 earn 600/hour. What is the average hourly rate of pay

Answer 1

To find the average hourly rate of pay, we first need to calculate the total amount paid to all workers.

For the 40 workers earning 450/hour:
40 workers * 450/hour = 18,000 total amount paid to these workers

For the 10 workers earning 600/hour:
10 workers * 600/hour = 6,000 total amount paid to these workers

Total amount paid to all workers:
18,000 + 6,000 = 24,000

Now, we need to find the average hourly rate of pay by dividing the total amount paid by the total number of workers:

Average hourly rate of pay = Total amount paid / Total number of workers
Average hourly rate of pay = 24,000 / 50 = 480/hour

Therefore, the average hourly rate of pay for all workers in the factory is 480/hour.