Question

A local company employs a varying number of employees each year, based on its needs. The labor costs for the company include a fixed cost of $32,969.00 each year, and $33,816.00 for each person employed for the year. For the next year, the company projects that labor costs will total $1,859,033.00. How many people does the company intend to employ next year?

Answer 1

So, take the total labor cost and subtract the fixed cost. Then divide it by the amount per person. That will get you the number of people.