Question

You have a budget of $1,440 per week for employees. Employees are paid $12 per hour and work 40 hours per week. Ignoring overhead, how many employees can you hire?

Answer 1

You can only hire 3 employees.

Work:
$12/40 hrs = $480/employee each week
$1440 budget ÷ $480 ^ = 3 employees

Answer 2

3 employees

Explanation

The amount in budget to pay employees per week=$1440

Payment for 1 hour=$12

Total number of hours per week=40 hours

Number of employees that can be hired per week= $1440 ÷ (12×40) = 3 employees