50) |
If the wages & salaries cost was £814,995 in the first half of the year, and if the total expenditure increased by 10% i the second half of the year, what would be the wages & salaries expenditure in the second half?
Correct answer: C
Explanation
Wage and Salary = 814,995
% of wages and salary = 45%
45% of x = 814,995, where x is the total expenditure in the first half of the year x = 1,811,100
A 10% increase = 1.1 x 1,811,100 = 1,992,210
% of wages and salary in second half = 43% wages and salary = 0.43 x 1,992,210
= £856,650
|