A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefit costs. If salary costs rose 3 percent and fringe-benefit costs rose 4.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993 ?
Choose the correct choice from the following options:
A) 16.5%	B) 20%	C) 33%	D) 55%	E) 65%
The amount by which employment costs rose is equal to 0.035(salary costs + fringe benefit costs);   On the other hand the amount by which employment costs rose is equal to 0.03*salary costs + 0.045*fringe benefit costs;   So, 35(S+F) = 30S+45F --&gt; S = 2F --&gt; F/S = 1/2 --&gt; F/(S+F) = 1/(1+2) = 1/3 = 0.33.   Answer: 33%.
<result>C</result>
A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefit costs. If salary costs rose 3 percent and fringe-benefit costs rose 4.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993 ?