I need help understanding the question below. I keep getting $86,666.67 but the
ID: 3168579 • Letter: I
Question
I need help understanding the question below. I keep getting $86,666.67 but the answer is $52,000.00.Question: The ratio of employee wages and benefits to all other operational costs of a business is 2:3. If a business’s total operating expenses are $130,000 per month, how much money does the company spend on employee wages and benefits? I need help understanding the question below. I keep getting $86,666.67 but the answer is $52,000.00.
Question: The ratio of employee wages and benefits to all other operational costs of a business is 2:3. If a business’s total operating expenses are $130,000 per month, how much money does the company spend on employee wages and benefits?
Question: The ratio of employee wages and benefits to all other operational costs of a business is 2:3. If a business’s total operating expenses are $130,000 per month, how much money does the company spend on employee wages and benefits?
Explanation / Answer
If you add 2 and 3, you'll get the total number = 5 , If i have1 white cap and 2 black caps, the ratio is 1:2 but how many caps are there?
The answer is 3. Same idea here also.
Let P be wages+benifites. Since P/ (everything else) = 2/3 => Everything else = (3/2)P.
Then P + (3/2)P = 130k => P = (2/5) * 130k = 52k.
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