Question

An executive in an engineering firm earns a monthly salary plus a Christmas bonus of 7000 dollars. If sheearns a total of 87300 dollars per year, what is her monthly salary in dollars?Your answer is:Give your answer to the nearest cent.

Answer 1

To be able to calculate the monthly salary of an executive in an engineering firm, here are the steps:

1. Subtract the Christmas Bonus of $7,000 from the total earnings per year. This is because Christmas Bonuses only happens once a year, not every month.

`87,300-7,000=80,300`

2. Divide the result in #1 by 12 months since there are 12 months in a year.

`80,300/12=6,691.67`

Therefore, an executive in an engineering firm earns a monthly salary of $6, 691.67.