SOLUTION: A company has recently been hiring new employees. Today the company has 24% more employees than it did a year ago. If there are currently 46,500 employees, how many employe

Algebra ->  Finance -> SOLUTION: A company has recently been hiring new employees. Today the company has 24% more employees than it did a year ago. If there are currently 46,500 employees, how many employe      Log On


   

Question 1101075: A company has recently been hiring new employees. Today the company has
24%
more employees than it did a year ago. If there are currently
46,500
employees, how many employees did the company have a year ago?

Answer by ikleyn(52782) About Me  (Show Source):
You can put this solution on YOUR website!
.
x + 0.24x = 46500

x*(1+0.24) = 46500

1.24x = 46500  ====>  x = 46500%2F1.24 = 37500.


Answer.  A year ago, the company had 37500 employees.


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There is a bunch of lessons on percentage problems
    - Percentage problems
    - Percentage word problems (Type 1 problems, Finding the Part)
    - Percentage word problems (Type 2 problems, Finding the Rate)
    - Percentage word problems (Type 3 problems, Finding the Base)
    - More complicated percentage problems
    - Problems on percentage that lead to unexpected results
in this site.