Asked by Ariell Northrup on Jul 06, 2024
Verified
A company laid off 80% of its work force. The number of employees after the layoff is 3,000. How many employees were there before the layoff?
A) 5,400
B) 7,200
C) 3,600
D) 15,000
E) 3,750
Work Force
The total number of people employed or in search of employment in a particular company, sector, or economy.
Layoff
A reduction in the workforce by a company, often to cut costs.
- Develop skills in percentage calculation and its application across a variety of financial and investment contexts.
Verified Answer
AS
Alfredo SilvaJul 09, 2024
Final Answer :
D
Explanation :
The number of employees after the layoff represents 20% (100% - 80%) of the original workforce. Therefore, to find the original number of employees, divide the current number by 20% (or 0.2): 3,000 / 0.2 = 15,000.
Learning Objectives
- Develop skills in percentage calculation and its application across a variety of financial and investment contexts.