. Employee "A" has a gross salary of $700.00 per month, and employee "B" has a gross salary equal to 93 percent of employee "A". Employee "C" has a gross salary equal to 95 percent of employee "B" plus $1.55. What is the gross salary of employee "C"?
Question
. Employee "A" has a gross salary of 1.55. What is the gross salary of employee "C"?
Solution
Sure, let's break it down:
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Employee "B" has a gross salary equal to 93 percent of employee "A". Since employee "A" has a gross salary of 700.00.
0.93 * 700 = $651.00
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Employee "C" has a gross salary equal to 95 percent of employee "B" plus 651.00, so we calculate 95% of 1.55.
0.95 * 651 = 618.45 + 620.00
So, the gross salary of employee "C" is $620.00 per month.
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