Question

4

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 $39,658.00 each year, and $27,576.00 for each person employed for the year. For the next year, the company projects
that labor costs will total $1,583,914.00. How many people does the company intend to employ next year?

Answer 1

56

Explanation:

x = number of employees the company intends to employ next year

39,658 + 27,576x = 1,583,914

27576x = 1583914 - 39548 = 1544256

x = 1544256/27576 = 56

x = 56 employees