if staff salaries were 32,000 / month last year and 47,000 /month this year what is the total yearly labor cost increase
1 answer:
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Answer:
The common difference (or common ratio) = 0.75
Step-by-step explanation:
i) let the first term be = 80
ii) let the second term be =
. r = 80 × r = 60 ∴ r =
= 0.75
iii) let the third term be =
. r = 60 × r = 45 ∴ r =
= 0.75
iv) let the fourth term be =
. r = 45 × r = 33.75 ∴ r =
= 0.75
Therefore we can see that the series of numbers are part of a geometric progression and the first term is 80 and the common ratio = 0.75.