A simple way to think of a cost out:
How much does one (1) EE cost the ER?
CY of CBA:
1.
2.
3.
4.
5.
6.
Wage: $15.00 per hours x 2080 (40 hours x 52 weeks) = $_________
Vacation: 7 vacation days x 8 hours x $15.00 per hour =$ __________
Holidays: 12 days x 8 hours x $15.00 per hour =$________
Health Insurance: $1,500.00 per month x 12 months= $__________
Pension: Answer to #1 above x 5% = $__________
Uniform: $100.00 per year = $_____________
7. TOTAL LABOR COST FOR ONE(1) EE FOR CY = $_____________ CY
8. If the ER had thirty (30) EES who all received the same wages and benefits how much would the
ER’s total labor cost be for the CY? $_______________
Y1 Proposal by Union:
A.
B.
C.
D.
Wages to go up 5% (Take answer to #1 x 5%) $_________
Vacation time to remain the same (Take answer to #2 above x 5% - wages are going up)$____
Holidays to remain the same: (Take answer to #3 and increase by 5%) $______
Health Insurance is going up 9% - ER is to assume increase (Take answer to #4 and increase by
9%) $__________
E. Pension is to remain same. (Take answer to #5 and increase by 5%) $_______
F. Uniform: $120.00 per year $___________
G. What is the Total Labor Cost for one (1) EE for the y1 proposal by the union? $___________y1
H. If the ER had thirty (30) EES who all received the same wages and benefits how much would the
ER’s total labor cost be if it accepted the y1 proposal from the union? $______________y1
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I.
What is the percentage increase for total labor costs of one (1) EE if the ER accepts the union’s
proposal? ________%
II. What is the percentage increase for total labor costs for all 30 EES if the ER accepts the union’s
proposal? __________%
How to Calculate Percentage
This article was taken from: http://mathematics.blurtit.com/q845591.html
Percentages have confused everyone at some point in their lives. In actual fact, they’re quite
simple. The process of calculating a percentage is just working something out ‘out of 100’. The
actual symbol for percentage (%) is mathematical jargon that means ‘out of 100’. There are
many taught ways to calculate percentages and some percentages are easier to work out than
others.
First, the basics: 50% is half of the thing (Jenny and Jim sliced the pie in half and each had
50%)
25% is a quarter, half of a half (Jenny and Jim sliced the second pie into four quarters, making
each slice worth 25% of the whole thing), 75% is three quarters (25 x 3 = 75) (Greg stole three
slices of the second pie, which was 75%)
And finally, 100% is the whole. (Jim had gone home when Jenny’s last pie was finished. She
had the whole 100% of it to herself).
To work out 10% of something, simply divide the initial figure by 10. For example: To calculate
10% of 365, work out 365 ÷ 10 which is 36.5 (if dividing by 10, simply move the decimal point
one figure to the left). By taking this 10% figure you can then work out any of the percentages
that end in 5 or 0. 20% = 10% x 2 and 5% = 10% ÷ 2
For a more precise percentage such as 46%, if you are not fussed about being precise, simply
work out 50% (half) and subtract an extra little bit. If you need to be precise, then the easiest
way to work out 46% is to find what 1% is. Divide your initial figure by 100 (simply move the
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decimal point two steps to the left and voila, 1%), then multiply that by the percentage figure you
desire.
For example: You wish to know 46% of 56. Step 1: 56 ÷ 100 =0.56. Step 2: 0.56 x 46 =
25.76. 46% of 56 = 25.76
If you want to find the increase as a percentage between two figures it is a very simple
calculation. In order to calculate a percentage increase you should follow this equation: B-A/A x
100= the % increase. For example if you wanted to find the percentage increase between $140
(A) and $275 (B) you would deduct $140 from $275 (275-140) divide this by 140 and then
multiply this by 100 which equals 96% to the nearest whole number.
Step one
Take the two figures that you are working with
Step two
deduct the smaller amount from the higher amount
Step three
Take this answer and divide it by the original smaller amount
Step four
once you have this answer you need to multiply it by 100 and this will give you the percentage
increase.
Another example is as follows: What is the percentage increase between 45 (A) and 73
(B)? (73-45)/45 x 100 = 62% to the nearest whole number.
The term percentage or "per cent" comes from the Latin meaning "per hundred" and this term is
used to describe one figure in relation to another. If someone says that something has
increased by 100% this means that the original figure has doubled, or if they say the figure has
increased by 25% this means that it has increased by a quarter of its original value. This is a
much easier percentage to work out and does not require much calculation.
The term percent or even the symbol % is often used in slang speech to describe going over
and above the maximum e.g. 110% even though this does not make mathematical sense.
The simplest way to calculate percentage is to divide the given amount by the total amount and
then multiplying the answer by 100 to get the percentage of the given amount with respect to
the total amount.
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The equation can be put up as follows:
(Given amount/ Total amount) x100
For example if John scores 60 out of 75 in mathematics we can find the percentage of his grade
by dividing 60 by 75 which comes to be 0.8 and then multiplying it by 100 which gives us the
percentage of his grade in math which is 80%.
(60/75) x 100 = 80%
Percentage questions are often worded in different ways like how much is x% of y (80% of 75).
Using the above example we can find the answer by multiplying 75 by 80 and then dividing the
amount by 100 to find the answer which is 60. (If you have a calculator w/a % button simply do
the following: hit 75 then hit the x button then hit 85 and then hit the % button. Your calculator
should say 60 and this means 60%.)
To calculate percentage increase or decrease between two numbers just subtract the smaller
number from the greater and then divide the answer by the original one and then multiply it by
100 to determine the percentage increase or decrease. For example to calculate the percentage
increase from 20 to 30 we subtract 20 from 30 and then divide the number obtained which is 10
by the original number which is 20 and then multiply the obtained number which is 0.5 by 100 to
get the percentage increase which is 50%.
Let's take for example a math score;
you got 35 right on a paper. The paper is out of 45. So 35 divided by 45 = 0.7777777
x100 = 70%
simple
here's another one
16 right out of 20
16 divided by 20 x100 = 80%
16/20x100
a/bx100
Note: If you have a percentage sign on your calculator use it…it speeds up solving the calculation.
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