Instead of laying off workers, a company cut all employees hours from 40 hours to 3 hours a week. By what percent were employee hours cut?

37/40 = 0.925 = 92.5%

Are you sure the problem doesn't say that the company cut all workers' hours by 3 hours?

I am sure about the hours cut and I got 75% and I just wanted to check it.

75% of 40 = 10

To calculate the percentage by which employee hours were cut, you can use the following formula:

Percentage decrease = [(Initial value - Final value) / Initial value] * 100

In this case, the initial value represents the number of hours per week before the cut, which is 40 hours, and the final value is the number of hours per week after the cut, which is 3 hours.

Using the formula:

Percentage decrease = [(40 - 3) / 40] * 100
= (37 / 40) * 100
= 92.5%

Therefore, the employee hours were cut by approximately 92.5%.