Reference: Ref 17-3 (Table: Excellence Publishing) Refer to the table. Each edited book sells for $50. How many people will the company hire per year as editing staff if the annual salary is $47,000 per staff member?

Question

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The table shows that the company expects to edit 840 books per year, which would generate $42,000 in revenue per staff member ($50 per book multiplied by 840 books). To cover the $47,000 annual salary for each staff member, the company would need to hire at least 7 staff members ($42,000 in revenue per staff member divided by $47,000 in salary per staff member = 0.89, which rounds up to 1). Therefore, choice C is the best answer.

Reference: Ref 17-3 (Table: Excellence Publishing) Refer to the Table