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Chapter 5: Problem 1

A data-entry clerk is paid \(\$ 1\) for every 100 correct accounting entries made on the computer.

Short Answer

Expert verified
To calculate the earnings of a data-entry clerk, given the number of correct accounting entries (\(n_{correct}\)), use the formula \(E = (\frac{n_{correct}}{100}) * 1 \). For example, if the clerk makes 350 correct entries, the earnings would be \(E = (\frac{350}{100}) * 1 = 3.50\), or $3.50.

Step by step solution

01

Understand the given information

The data-entry clerk earns $1 for every 100 correct accounting entries made on the computer.
02

Introduce variables

Let's denote the number of correct accounting entries as \(n_{correct}\), and the corresponding earnings as \(E\).
03

Determine the formula

To calculate the earnings, we can use the following formula: \(E = (\frac{n_{correct}}{100}) * 1 \)
04

Example calculation

Suppose the data-entry clerk makes 350 correct accounting entries. Let's use the formula to calculate the earnings: \(E = (\frac{350}{100}) * 1\) \(E = 3.50\) In this example, the data-entry clerk would earn $3.50. To calculate the earnings for any number of correct accounting entries, simply follow the steps above and plug in the appropriate number.

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