If an employer reduces the working week from 40 hours to 35 hours with no loss of weekly pay calculate the percentage increase in hourly rate of pay
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If an employer reduces the working week from 40 hours to 35 hours with no loss of weekly pay calculate the percentage increase in hourly rate of pay
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Answer:
14(2/7)% increase
Step-by-step explanation:
Let total weekly pay be LCM of 40 and 35 work hours.
Per hour pay, for 40 hours rate is Rs 7
for 35 hours rate is Rs. 8
Total increase Rs 1
% increase [(8-7)/7]*100 which is 14(2/7)%