Montgomery hired waylon Recruiting. Inc to help him search for a new safety insp

Question

Montgomery hired waylon Recruiting. Inc to help him search for a new safety inspector to work in his factory. The agency's fee is 15% of the selected candidate's first year salary. To find the right man for the job, $220 was spent on print advertising $495 was spent on internet leny an karl, who already worked for his company in other positions at an interviewing expense of $48 each. Waylon brought in two additional applicants. Barney required travel costs of $155, and homer required $98 for his travels. Montgomery hired homer at a salary of $45,00 with a $5,000 signing bonus that was not considered part of hia salary. What was the total recruiting cost to Mntgomery?

Explanation / Answer

Montgomery hired Homer at a salary of = $ 45000 per year + $ 5000 signing bonus.

Now Homer was refered by Waylon

SO Montgomery would pay Waylon = 15% of Homers first years salary

                                                               = 15/100*45000 = $ 6750

SO Homer would get = 45000 - 6750 = $ 38250

Barry requires = $ 155 and Homer requires = $ 98 for travel costs.

Money spend on Print Ads = 220

Money spent on Internet Ads = 495

Money spent on a booth at a job fair = 300

Interviewing expenses of Karl and Lenny = 2*48 = 96

Hence total recruiting cost to Montgomery is = 96+300+495 + 220 + 98 + 155 + 6750 + 38250 + 5000

                                                                            = $ 51364

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