A property management company furnishes skilled help to maintain apartment complexes. If employees are paid $16 per hour and the company wishes to maintain a 30% markup based on the employees’ hourly pay, what hourly rate should it bill property owners?

Question

a. $11.20
b. $12.30
c. $20.80
d. $22.86

Answer 1

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Answer 2

$20.80

Answer 3

Yes, that's correct.