## Related questions with answers

Question

A company hired Joanna Neech through an executive recruiter. The recruiter's fee was 26% of all money paid to Joanna in her first year of employment. Joanna agreed to a salary of $65,000 a year. She alsowas paid an$11,000 signing bonus. What was the cost of using the recruiter?

Solution

VerifiedStep 1

1 of 2$26\% \times (\$65,000+\$11,000)=26\% \times \$76,000=\$19,760$

The cost is the product of the fee rate and the total salary.

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