Question

A software company in Lexington used to bill its clients $170 per hour for work done by its consultants. The company recently adjusted its hourly rate, making it 10% less. What is the new hourly billing rate?

Answer 1

$168.3

Explanation:

Step one:

Given data

initial billing rate= $170 per hour

the new billing rate is 10% less

Hence the rate reduction is

=10/100*170

=0.01*170

=$1.7

Step two:

Hence the new billing rate is

=170-1.7

=$168.3