The management salary is $19,429
What is ratio?
Ratio is the quantitative relationship between two numbers which shows the number of times an amount or a number is contained within the other amount or number.
In this case, a ratio of 8:7 shows the number of times the management salaries is contained within the management trainee salary
The management salary has a value of 8 whereas the management trainee salary has a value of 7 as shown below:
salary ratio=management salary/management trainee salary
salary ratio=8/7
management salary=unknown(assume it is X)
management trainee salary=$17,000
8/7=X/$17,000
cross multiply
8*$17,000=7*X
X=8*$17,000/7
X=$19,429
The fact that annual management trainee salary is $17,000 means that the management salary is $19,429 annually.
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