Question

An employment agency charges fees of 30 percent for its services based on the new employee's first year of salaried income. This agency has found you a job paying a $55,000 salary in the first year. If the agency splits the fee, charging 27.5 percent to the employer and 2.5 percent to the employee, how much will you be paying the agency for its services?

Answer 1

The agency charges for its services for you is $1375 .

Explanation:

As given

An employment agency charges fees of 30 percent for its services based on the new employee's first year of salaried income.

This agency has found you a job paying a $55,000 salary in the first year.

If the agency splits the fee, charging 27.5 percent to the employer and 2.5 percent to the employee.

2.5 % is written in the decimal form.

`= (2.5)/(100)`

= 0.025

Thus

The agency charges = 0.025 × 55000

= $1375

Therefore the agency charges for its services for you is $1375 .