Question

A local company employee a varying number of employees each yea, based on its needs. The labor costs for the company include a fixed cost of $34,498 each year and $33,942 for each person employeed for the year. For the next year, the company projects that labor costs will total $2,614,090. How many people does that intend next year?

Answer 1

Explanation:

Givens

Cost = 34498 + 33942x

Cost = 2614090

Solution

34498 + 33942x = 2614090 Subtract 34498 from both sides.

33942x = 2614090 - 34498

33942x = 2579592 Divide by 33942

x = 2579592/33942

x = 76

The number of employees expected to be hired is 76