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.

1 answer

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