An executive in an engineering firm earns a monthly salary plus a Christmas bonus of 5300 dollars. If she earns a total of 98700 dollars per year, what is her monthly salary in dollars?
98,700 / 12 = ?
98700 - 5300 = 93000
93000 / 12 =7750
20%
To find the executive's monthly salary, we need to subtract the Christmas bonus from her total annual earnings.
Step 1: Calculate the total annual earnings after subtracting the Christmas bonus:
Total annual earnings = 98700 dollars - 5300 dollars
Total annual earnings = 93400 dollars
Step 2: Divide the total annual earnings by 12 to find the monthly salary:
Monthly salary = Total annual earnings / 12
Monthly salary = 93400 dollars / 12
Monthly salary ≈ 7783.33 dollars
Therefore, the executive's monthly salary is approximately 7783.33 dollars.