Marcell Teague submitted a pay card reflecting the following hours worked at Kicy Inc. He earns $16.02 per hour. The company pay
s overtime only on hours worked exceeding 40 per week. The company is considering changing from quarter-hour to hundredth-hour time collection. Under the current quarter-hour system, each time the employee clocks in or out, the time is rounded to the nearest quarter-hour. Required: Calculate Marcell’s time for both the quarter-hour and hundredth-hour systems. Calculate Marcell’s total pay in the hundredth-hour and quarter-hour systems.
1 answer:
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Answer:
0.8%.
Step-by-step explanation:
Given:
At the start of the month, the value of an investment was $73.42.
By the end of the month, the value of the investment changed by a loss of $13.53.
Question asked:
What was the value, in dollars, of the investment at the end of the month?
What was the percent loss?
Solution:
At the start of the month, the value of an investment = $73.42.
Loss = $13.53.
<u><em>The value, of the investment at the end of the month = The value of an investment at the start of the month - loss</em></u>
The value, of the investment at the end of the month = $73.42 - $13.53
= $59.89
Thus, the value, of the investment at the end of the month is $59.89.
Now, we will find percent loss:-
Thus, percent loss on investment by the end of the month is 0.8%.