A retail store had sales of $39,500 in April and $66,000 in May. The store emplo
ID: 408347 • Letter: A
Question
A retail store had sales of $39,500 in April and $66,000 in May. The store employs nine fulltime workers who work a 40 - hour week. In April the store also had seven part-time workers at 10 hours per week, and in May the store had nine part-timers at 15 hours per week (assume four weeks in each month).
Using sales dollars as the measure of output, what is the percentage change in productivity from April to May? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
A retail store had sales of $39,500 in April and $66,000 in May. The store employs nine fulltime workers who work a 40 - hour week. In April the store also had seven part-time workers at 10 hours per week, and in May the store had nine part-timers at 15 hours per week (assume four weeks in each month).
Explanation / Answer
Month
Output in Dollars
Full time Workers input
Part time Workers input
Total Input in Hours
Productivity (Output/Input)
Difference Change
Percentage of Change(%)
A
B
C
D=B+C
E=A/D
F=33.33-22.97
G=F/22.97*100
April
$39,500
1440
280
1720
22.97
May
$66,000
1440
540
1980
33.33
10.36
45.10%
Month
Output in Dollars
Full time Workers input
Part time Workers input
Total Input in Hours
Productivity (Output/Input)
Difference Change
Percentage of Change(%)
A
B
C
D=B+C
E=A/D
F=33.33-22.97
G=F/22.97*100
April
$39,500
1440
280
1720
22.97
May
$66,000
1440
540
1980
33.33
10.36
45.10%
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