A management consulting firm recommends that the ratio of mi
A management consulting firm recommends that the ratio of middle-management salaries to management trainee sala be 8:3. Using this recommendation, what Is the annual middle-management salary If the annual management trainee salary is $37,000? (Round your answer to the nearest dollar)
Solution
MM salary / MT salary = 8/3 MM salary / 37000 = 8/3 MM salary = $98667