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3 years ago

Max works 40 hours per week as a tire store manager. If he made $25,480 last year, how much was he paid per hour?

1 answer:

3 0

To figure this out, we need to write down some rules/formulas.
Max works 40 hours per week. There are 52 weeks within a year. He made $25,480 last year, and now we're looking for how much he made per hour.
Since we have 52 weeks in a year, divide 25,480 by 52 to get how much he made per week. Once we do that, divide that quotient by 40 to get how much he made per hour.
25,480/52 = 490.
He made $490 per week, but now we must divide by 40 to get how much he made per hour, since we have 40 hours.
490/40 = 12.25
Max made $12.25 per hour.
I hope this helps!

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The net gain or loss of an investment over a given time period, stated as a percentage of the investment's starting cost, is known as a rate of return (RoR).
You determine the percentage change from the start of the period to the end when computing the rate of return.
Any type of investment instrument, including real estate, bonds, equities, and fine art, can be subject to a rate of return (RoR).

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