Question

Your company has offices in 2 cities. The Denver office has 137 employees with an average salary of $67,013. The Anchorage office has 25 employees with an average salary of $71,332. What is the average employee salary across your company?

Answer 1

Answer:

$67679.51

Step-by-step explanation:

Given that the Denver office has 137 employees and their average salary is $67013.

So the total spending in Denver office employee salary is = (137*67013) =$9180781.

Again given that the Anchorage office has 25 employees and their average salary is $71332.

So the total spending in Anchorage office employee salary is = (25*71332) =$1783300.

Taking the two offices together there are (137+25) =162 employees and the total salary expenditure is = (9180781+1783300) =$10964081.

Therefore, the average employee salary across the company is = (10964081/162) = $67679.51 (Answer)