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Financial Maths, STD2 EQ-Bank 4 MC

Sam is paid $2.50 for each toy he assembles in a factory. In one week he worked 35 hours and assembled 168 toys.

What is Sam's hourly rate of pay?

  1. $10.00
  2. $12.00
  3. $14.00
  4. $16.00
Show Answers Only

\(B\)

Show Worked Solution

\(\text{Total earnings}=2.50 \times 168= $420 \)

\(\text{Hourly rate}=\dfrac{\text{Total earnings}}{\text{Hours worked}}= \dfrac{420}{35}=$12.00\)

\(\Rightarrow B\)

Filed Under: Ways of Earning, Ways of Earning Tagged With: Band 4, smc-6276-30-Piecework/Royalties, smc-6515-30-Piecework/Royalties

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