Suppose a ten firm industry has total sales of $35 million per year. The largest firm have sales of $10 million, the third large
1 answer:
You might be interested in
The maximum number of hours that can be allocated in a day is 21
Data given;
- Sale = $3500
- Employee pay = $10.00 per hour
- Percentage allocated to employee = 6% of sales
This is the process of finding a fraction of a value multiplied by 100.
Let's find the actual figure allocated to employee pay.
6% of $3500 is;
The percentage out of sale allocated for employee pay is $210
Now we know the actual amount allocated to employee pay and it is $210.
Divide the amount allocated to employee pay by $10:00 to find the actual hours we can allocate in a day.
The maximum number of hours we can allocate in a day is 21 hours.
Learn more on percentage here;