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You employ 28 people making an average of $33,000 per year. You want to give every employee a 5% increase for next year. What will be the total increase in your company's a…

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asked May 13, 2019 129k views

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You employ 28 people making an average of $33,000 per year. You want to give every employee a 5% increase for next year. What will be the total increase in your company's annual payroll?

Mathematics
middle-school

Alexandre Magro asked

by Alexandre Magro

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I think the average would increase by $1,650. 5% of 33000 is 1,650. So the the total amount would increase by that.

Zdeno Pavlik answered May 18, 2019

You employ 28 people making an average of $33,000 per year. You want to give every employee a 5% increase for next year. What will be the total increase in your company's a…

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