A company currently has 6 people on a crew doing a manual labor job. Each person is paid at the rate of 12.00 per hour. A machine is being considered at the cost of $88,000. This machine operated by one technician who is paid at the rate of 18.00 per hour will have an hourly output equal to the six man crew. The machine will last 3 years. If the machine runs 2,000 hours per year what is the benefit / cost ratio.

A company currently has 6 people on a crew doing a manual labor job. Each person is paid at the rate of 12.00 per hour. A machine is being considered at the cost of $88,000. This machine operated by one technician who is paid at the rate of 18.00 per hour will have an hourly output equal to the six man crew. The machine will last 3 years. If the machine runs 2,000 hours per year what is the benefit / cost ratio.

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter2: Equations, Inequalities, And Problem Solving

Section2.3: Equations Involving Decimals And Problem Solving

Problem 51PS

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