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Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa

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Bunuel
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Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa [#permalink] New post  09 Oct 2019, 04:34
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Each year Mark works 40 hours per week for 50 weeks. Last year Mark was paid a total of $20,000. If this year his hourly pay rate is raised by $0.50, what is the total amount that Mark will be paid this year?

(A) $30,000
(B) $25,000
(C) $22,500
(D) $21,000
(E) $20,020
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lacktutor
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Re: Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa [#permalink] New post  09 Oct 2019, 05:34
40 hours a week
50 weeks a year
———————
$20000 paid last year
40*50=2000 hours a year
$20000:2000= $10 an hour
If it’s paid $10.5 an hour, then
—> 10.5*2000= $21000 for this year.

The answer is D

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Devvrata
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Re: Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa [#permalink] New post  09 Oct 2019, 06:14
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option D,

Mark is working 40*50=2000 hrs in a year and now his wage is increased by 0.50$ hourly.
So total increase is 2000*0.5=1000$
This year mark will get 20000+1000=21000$
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Re: Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa [#permalink] New post  09 Oct 2019, 06:25
Bunuel wrote:
Each year Mark works 40 hours per week for 50 weeks. Last year Mark was paid a total of $20,000. If this year his hourly pay rate is raised by $0.50, what is the total amount that Mark will be paid this year?

(A) $30,000
(B) $25,000
(C) $22,500
(D) $21,000
(E) $20,020


Mark works 40 Hours - 1 Week

Therefore for 50 Weeks - 40 * 50 Hours of work completed
= 2000 Hours completed last year by Mark.

Now for 2000 Hours, he got $20,000,
Applying Unitary Method,
=> 2000 Hours --- $20,000
=> 1 Hour --- $10

This year he will be given $0.50 more per hour than previous year,
Hence, this year
1 Hour --- $10.5
So, 2000 Hours --- $ (2000 *10.5)
=> $21,000 for the year

IMO D
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Re: Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa [#permalink] New post  09 Oct 2019, 08:16
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Bunuel wrote:
Each year Mark works 40 hours per week for 50 weeks. Last year Mark was paid a total of $20,000. If this year his hourly pay rate is raised by $0.50, what is the total amount that Mark will be paid this year?

(A) $30,000
(B) $25,000
(C) $22,500
(D) $21,000
(E) $20,020


Total work hour last week is 40*50 = 2000 ; Total Compensation last year = 20000

So, Hourly wage last year was 20000/2000 = 10

This, years hourly wage is 10.50 , SO Total amount payable is 10.50*2000 = 21000 , Hence Answer must be (D)
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Re: Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa [#permalink] New post  12 Oct 2019, 04:09
Total number of hours Mark worked for - 50 * 40 = 2000 Hours (40 hours per week and 50 weeks in a year)
Amount payed = $20K
Per Hour Wage = $10/hr
Wage has been increased by $1.5 => $1/2 i.e. 10+1/2 = $21/2

Revised Payment = (21*2000)/2 = $21K

Ans = D
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Re: Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa [#permalink] New post  26 Jan 2023, 14:46
Bunuel wrote:
Each year Mark works 40 hours per week for 50 weeks. Last year Mark was paid a total of $20,000. If this year his hourly pay rate is raised by $0.50, what is the total amount that Mark will be paid this year?

(A) $30,000
(B) $25,000
(C) $22,500
(D) $21,000
(E) $20,020


By working 40 hours per week for 50 weeks, Mark put in 2000 hours and made 20,000 for the same. That's 10$ per hour. His hourly wage is increased by 5% and that means his annual wage will also go up by 5%.

20000$ increased by 5% will be 21000 and hence D.
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Re: Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa [#permalink]
26 Jan 2023, 14:46
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