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 $48,666.00 each year, and $33,970.00 for each person employed for the year. For the next year, the company projects that labor costs will total $2,018,926.00. How many people does the company intend to employ next year?
29
58
839
119
@renaegirl707
@sangya21

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 $48,666.00 each year, and $33,970.00 for each person employed for the year. For the next year, the company projects that labor costs will total $2,018,926.00. How many people does the company intend to employ next year?
29
58
839
119
@renaegirl707 
@sangya21

anonymous · Answer

As the labor charges are fixed for every year thus
$2,018,926.00 - $48,666.00 = $1970260 
no. of employees = $1970260  /  $33,970.00 = 58