To keep up with rising cost a carpenter needs to increase his $30.00 per hour rate by 18% what will be his hour rate?

Question

Mathematics

Lawrence Martinez

5 June, 01:32

To keep up with rising cost a carpenter needs to increase his $30.00 per hour rate by 18% what will be his hour rate?

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Answers (1)

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Iris · Answer 1

In order to keep up with rising cost carpenter needs to increase his $30.00 per hour rate to 35.40 $.

Explanation:

To keep up with rising cost a carpenter needs to increase his $30.00 per hour rate by 18%.

So hour rate of carpenter = 30.00 $

Rate of increase = 18 % = 0.18

New hour rate = Initial hour rate + Rate of increase x Initial hour rate

= 30 + 0.18 x 30 = 30 + 5.4 = 35.40 $

So in order to keep up with rising cost carpenter needs to increase his $30.00 per hour rate to 35.40 $.