A job pays $550 for a work week of 40 hours. What rates describe the pay and hours?

What is the rate of pay in dollars per hour rounded to the nearest hundredth? and What is the rate of hours per dollar of pay rounded to the nearest hundredth?

1 answer

The rate of pay in dollars per hour can be found by dividing the total pay for the week ($550) by the number of hours worked (40).

The rate of pay in dollars per hour = $550/40 = $13.75

Rounded to the nearest hundredth, the rate of pay in dollars per hour is $13.75.

The rate of hours per dollar of pay can be found by dividing the number of hours worked (40) by the total pay for the week ($550).

The rate of hours per dollar of pay = 40/550 = 0.0727

Rounded to the nearest hundredth, the rate of hours per dollar of pay is 0.07.