Question

Susan decides to take a job as a transcriptionist so that she can work part time from home. To get started, she has to buy a computer, headphones, and some special software. The equipment and software together cost her $1000. The company pays her $0.004 per word, and Susan can type 90 words per minute. How many hours must Susan work to break even, that is, to make enough to cover her $1000 start-up cost? If Susan works 4 hours a day, 3days a week, how much will she earn in a month.

Answer 1

46.3 hours of work to break even.

$1036.8 per month (4 weeks)

Explanation:

Answer 2

46.3 hours of work to break even.

$1036.8 per month (4 weeks)

Explanation:

First let's find how much Susan earns per hour.

She earns $0.004 per word, and she does 90 words per minute, so she will earn per minute:

0.004 * 90 = $0.36

Then, per hour, she will earn:

0.36 * 60 = $21.6

Now, to find how many hours she needs to work to earn $1000, we just need to divide this value by the amount she earns per hour:

1000 / 21.6 = 46.3 hours.

She works 4 hours a day and 3 days a week, so she works 4*3 = 12 hours a week.

If a month has 4 weeks, she will work 12*4 = 48 hours a month, so she will earn:

48 * 21.6 = $1036.8