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A retail store had sales of $45000 in April and $56000 in May. The store employs eight full time workers who work 40 hours per week. In April the store also had seven part time workers at 10 hours per week, and in may the store had 9 part time workers at 15 hours per week. Using sales dollars as the measure for output, what is the percentage of change in productivity from April to May?

Question-Answer › Category: Mathematics › A retail store had sales of $45000 in April and $56000 in May. The store employs eight full time workers who work 40 hours per week. In April the store also had seven part time workers at 10 hours per week, and in may the store had 9 part time workers at 15 hours per week. Using sales dollars as the measure for output, what is the percentage of change in productivity from April to May?
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Mazurek Gravity Staff asked 1 year ago

A retail store had sales of $45000 in April and $56000 in May. The store employs eight full time workers who work 40 hours per week. In April the store also had seven part time workers at 10 hours per week, and in may the store had 9 part time workers at 15 hours per week. Using sales dollars as the measure for output, what is the percentage of change in productivity from April to May?

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Mazurek Gravity Staff answered 1 year ago

April Input = (8*40+7*10)*4 =1560 manhours
measure = 45000/1560 = 28.846
may input = (8*40+9*15)*4 = 1820 Manhours
measure = 56000/1820 = 30.769
so % change in productivity = (30.769-28.846/28.846 )*100 =6.66% ——-ANSWER

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