Last year Frank had a total income of $58,800. He sold a house and made a profit of $27,940. He also had monthly income of $80 from investments. Assuming Frank works 25 hours per week and 52 weeks per year as an hourly employee, how much more an hour would Frank had to have earned last year in order to have a total income of $59,970? a. $0.63 b. $0.72 c. $0.80 d. $0.90
I think the answer would have to be D. $0.90.
59,970-58,800=1,170
1,170/52=22.5/25=0.90
You had to earn $0.90 more an hour last year in order to have a total income of $59,970.
The unitary method is a method for solving a problem by the first value of a single unit and then finding the value by multiplying the single value.
In Last year,
The Total income = $58,800
The Profit made by selling house =$27,940
The Monthly income by investment = $80
The Yearly income by investment = 12(80) ( 1 year = $80)
= $960
Computation:
Also, 25 hours per week and 52 weeks per year as an hourly employee.
Let x be your hourly wages.
Then, yearly income by working = 25 x 52 x X
= 1300x
As per given,
1300x + 960 + 27,940 = 58,800
1300x = 29900
x = 23
In order to earn total income $59,970, we have
1300x + 960 + 27,940 = 59,970
x = 23.9
Difference = 23 -23.9= $ 0.90
Hence, You had to earn $0.90 more an hour last year in order to have a total income of $59,970.
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