A retail store had sales of $33,500 in April and $68,500 in May. The store emplo

Question

A retail store had sales of $33,500 in April and $68,500 in May. The store employs nine fulltime workers who work a 40 - hour week. In April the store also had six part-time workers at 10 hours per week, and in May the store had eleven part-timers at 15 hours per week (assume four weeks in each month). Required: Using sales dollars as the measure of output, what is the percentage change in productivity from April to May? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Explanation / Answer

Productivity = Output / Input

For the month of April

= 33500 /{( 40x9) +( 6x10)} = 79.76 per hour per employee

For the month of May

= 68500 /{(40x9) + (11x15)} = 130.47 per hour per employee

Percentage change in productivity = {(130.47 - 79.76) / 79.76} x 100 = 38.87

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