## Related questions with answers

Question

Five percent of a company's profits of $472,000 are to be shared with 4 supervisors. Thirty percent of the profits are to be shared with 48 hourly employees. What profit sharing amount did each of the supervisors and hourly employees get?

Solution

VerifiedStep 1

1 of 3$5\% \times \dfrac{\$472,000}{4}=\$5,900$

The sharing amount per supervisor is the product of the rate and the profits divided by the number of supervisors.

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