A local company employs a varying number of employees each year, based on its needs. The labor costs for the company include a fixed cost of $41,949.00 each year, and $28,826.00 for each person employed for the year. For the next year, the company projects that labor costs will total $1,483,249.00. How many people does the company intend to employ next year?
Question
Answer:
50 people. [tex]1483249.00 - 41949.00 = 1441300[/tex]
[tex]1441300 \div 28826 = 50[/tex]
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5 months ago
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