A group of parents get together and decide to hire a private school teacher to quit his job and teach their children. His former job paid 45,000 per year and they offered him a 20% raise. If there are 9 kids how much does each parent have to pay?
Thoughts? Step-by-step reasoning:
His raise was 45,000 * .2 = $9,000. So his new wage is 45,000 + 9,000 = $54,000. So they each have to pay him 54,000 / 9 = $6,000 per year.
Thus, the answer is 6000.