Problema Solution
The XYZ Corporation is looking to fill three positions. The budget is 160,000. How much can I offer each employee if the first position will be paid a salary of 25,000 a year.
Answer provided by our tutors
First, we will assume that the second two employees will be making the same amount.
Budget minus first position
160,000-25,000=135,000
Average left per remaining positions:
135,000/2=$67,500