Carole earned two different payments:
- for 40 regular hours
- for 5 overtime hours at time-and-a-half rate.
And we want to find out her hourly rate. The hourly rate is the amount payid for regular hours, so the regular payment is:
Where "r" is the hourly rate and P_r is the payment for the regular hours.
The time-and-a-half rate menas that the payment for the overtime hours is 50% more than the normal rate, which means we need to multiply the original rate by (100% + 50%) or 1.5. So, the payment for the overtime is:
The total payment is 451.25 and it is the sum of the regular and the overtime payments, so:
So, Carole hourly rate is $9.5 per hour.