Basic Math/percentages
Expert: Chanda Walker - 6/2/2009
QuestionHi Chanda
I think I have a simple problem I just don't remember from my school days.
I'm currently getting paid $3391.00 per month which is 70% of my actual
wage. I want to try and find my actual wage. I would then like to convert that
to hourly based on 40 hours per week.
If you could help I would really appreciate it. Thanks for your time.
chris
Answerx is your actual wage
x * 0.7 = $3391
x = $4844.29
The number of hours in a week is straightforward, but the number of hours a month or year depends on the month and if you get leave time. The standard way to do this is shown here:
http://wiki.answers.com/Q/How_many_working_hours_make_up_a_year
So your hourly wage is this without leave time:
4844.29* 12/ 2088 = $27.84 per hour
or
with leave time:
4844.29* 12/ 1928 = $30.15
Let me know if I can help further.
Chanda