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At Westside Widgets, Annual salary = $50,000 with 2 weeks of "paid vacation" and benefits valued at $15,000 annually. Doesn't it look ambiguous for the following reason?:-
Thought process: Annual Salary= 50,000 + 15,000= 65,000. Now, as 2 weeks of "paid vacation" we further calculate and add the monetary value of these 2 weeks, i.e., 10 workdays (or 80 hours), which could further be calculated by calculating per day salary (either 50,000/ total workdays or 65,000/total workdays).
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[quote option=""vivek4141""]At Westside Widgets, Annual salary = $50,000 with 2 weeks of "paid vacation" and benefits valued at $15,000 annually. Doesn't it look ambiguous for the following reason?:-
Thought process: Annual Salary= 50,000 + 15,000= 65,000. Now, as 2 weeks of "paid vacation" we further calculate and add the monetary value of these 2 weeks, i.e., 10 workdays (or 80 hours), which could further be calculated by calculating per day salary (either 50,000/ total workdays or 65,000/total workdays).[/quote]­


Paid vacation means amount paid even while the person was on leave. So, there is nothing extra that has to be added, and it is already added in the pay. It is only that he could take two weeks vacation and the salary will not be cut for these days.­
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Aslamkhanshovon
is it really possible to solve within 2.5 minutes? it took me around 6 minutes to solve.
Aslamkhanshovon
We can do this in 2 mins as the calculator is allowed in this section.
Per day value of Westside Widgets = annual salary/ total days = 65,000/250 = $260
Per day value of Eastside Enterprises = (37.30) x (8 hours of 1 day) = 298.4 ~$300

Detailed calculation
annual salary = 50,000 + 15,000 = 65,000
total days = (52-2)weeks x 5 days of 1 week = 250
Per day value of Westside Widgets = 65,000/250 = $260

Per day value of Eastside Enterprises = (37.30) x (8 hours of 1 day) = 298.4
The closest option is $300
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