Question

The current salaries in Sasha’s department are $42,000, $32,000, $33,000, $38,000, and $50,000. Sasha wants to adjust the lowest salary up to $40,000. If Sasha gives every employee a $1,000 raise in addition to adjusting the lowest salary, Find the total cost for the increment?

Answer 1

The total cost for the increment is $13,000.

What is the total cost for the increment?

There are 5 employee's in Sasha's department. The total amount of increment is $5000. (5 x $1000).

The lowest salary is 32,000. If it is increased to $40,000. The total cost of the increment is $8000 (40,000 - 32,000)

Total cost of the increment = $8000 + $5000 = $13,000

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