guerrero25 wrote:
If Charlie decides to cut the salary per employee at his company by 20%, five more employees can be hired for 100,000$ than can be hired at original salary. How many individuals can be hired by Charlie at the original salary if he has 50,000$ to spend on salary.
A. 10
B. 12
C. 15
D. 16
E. 20
A. 10
B. 12
C. 15
D. 16
E. 20
Backsolving works perfectly for this problem.
One can also use algebraic way:
Say the average salary is x, then we would have:
100,000/x-100,000/(0.8x)=5 --> x=5,000 --> 50,000/5,000=10.
Answer: A.