Question

A floral shop earns an average yearly revenue of $195,280. Which compound inequality correctly shows the amount of money, m, the floral shop needs each month to pay for employee wages if the monthly budget for employee wages is between 30% and 35%?

$1,126.62 ≤ m ≤ $1,314.38
$2,253.23 ≤ m ≤ $2,628.77
$4,506.46 ≤ m ≤ $5,257.54
$4,882.00 ≤ m ≤ $5,695.67

Answer 1

$4882.00 ≤ m $5,695.67

Explanation:

The annual revenue is $195,280.

30% of $195,280 = $58,584

35% of $195,280 = $68,348

The annual budget for employee wages is between $58,584 and $68,348.

$58,584 ≤ y ≤ $68,348

To find the monthly budget, we divide the two amounts by 12.

$58,584/12 = $4,882.00

$68,348/12 = $5,695.67

The monthly budget for wages is

$4882.00 ≤ m ≤ $5,695.67