Maths problem HEEEELLLPPPPPP

Cake earns a salary,. His holiday pay of £5280 for 4 weeks includes 17.5% loading. Calculate his salary????( please show your working out)

I RLLY NEED HELLP URGENTLYYYYYYY-
(apparently the answer is £58619.23, but i dont know how and why???)

Reply 1

Chittesh14

19

Spent 2 hours on this question, can't seem to figure out the answer.
The only problem is, I don't know what annual leave loading means.. -_- once someone explains it, I'll answer it for you. 2 Hours of unsolved problems tires me :/. Sorry buddy, I'll try my best to get an answer asap though!

Reply 2

Pizzaa<3

8

Hey, I got £58617.63, which is pretty close ^-^

5280 / 1.175 = 4493.61 gives you what his normal salary for 4 weeks would be (reverse percentages thingy)
4493.61/28 (because 4 weeks is 28 days) = 160.49... this is what he earns per day
160.49 x 365 = £58617.63

P.s when typing out i gave approximations, but the answer is in full to the nearest pence :smile:

Reply 3

Chittesh14

19

[QUOTE=Pizzaa

Lmfao, I done the same but *0.825 and *1.175

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Reply 4

username1560589

20

Original post by Pizzaa<3

Hey, I got £58617.63, which is pretty close ^-^

5280 / 1.175 = 4493.61 gives you what his normal salary for 4 weeks would be (reverse percentages thingy)
4493.61/28 (because 4 weeks is 28 days) = 160.49... this is what he earns per day
160.49 x 365 = £58617.63

P.s when typing out i gave approximations, but the answer is in full to the nearest pence :smile:

I got this answer but using 365.25 not 365. using 365 gives the salary as £58577.51. Using 365.25 gives the salary as £58617.63.
My assumption was that annual leave loading was the amount that they got paid during the holiday as a multiple of the amount that they got paid normally. This doesn't really make sense but gives an answer similar to the one given.
I also assumed when calculating that he doesn't take leave that year and works every day.

Reply 5

Pizzaa<3

8

Original post by morgan8002

I got this answer but using 365.25 not 365. using 365 gives the salary as £58577.51. Using 365.25 gives the salary as £58617.63.
My assumption was that annual leave loading was the amount that they got paid during the holiday as a multiple of the amount that they got paid normally. This doesn't really make sense but gives an answer similar to the one given.
I also assumed when calculating that he doesn't take leave that year and works every day.