SOLUTION: John works 40 hours a week, and his monthly salary in June was 4000, in the month of July John got the 40% raise on his monthly salary . . In the month of July what was John’s ho
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Question 1143032: John works 40 hours a week, and his monthly salary in June was 4000, in the month of July John got the 40% raise on his monthly salary . . In the month of July what was John’s hourly rate? (Assume there are four weeks in July)
A) 25
B)26
C)40
D)100 Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! 40% raise of 4000 is 4000*.40 or 1600
so July's salary is 5600
Divide that by 160 hours worked in July and that is 35.
No choices work.
Note, 4 weeks in June meant that the hourly rate in June was 4000/(40*4)=25
A 40% increase would be 25*.40=10 for increase and new hourly rate is 35, so the answer above checks.
