SOLUTION: Iris charges a fee for her consulting services plus an hourly rate that's 1/1/5 times her fee. On a 7 hour job, iris charged $470. What is her fee and her hourly rate

Question 984560: Iris charges a fee for her consulting services plus an hourly rate that's 1/1/5 times her fee. On a 7 hour job, iris charged $470. What is her fee and her hourly rate

Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
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let F=fee; R=hourly rate=1.2F ; N=number of hours
Total charge=F+NR
Total charge=F+N(1.2F)
$470=F+7(1.2F)
$470=F+8.4F
$470=9.4F
$50=F ANSWER 1: Her fee is $50.
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R=1.2F=1.2($50)=$60 ANSWER 2: Her hourly fee is $60/hour.
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CHECK:
Total charge=F+NR
$470=$50+(7hours)($60/hour)
$470=$50+$420
$470=$470

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