Rachel Thomas Owns a Law Practice

Multiple Choice

Rachel Thomas owns a law practice.She wishes to earn an income of $400 000 from the business (ignore tax) .She expects to work 800 hours on clients in the year,if client work develops as expected.The firm incurs the following costs - leases of $1000 per month and salaries of $2000 per month.
How much must Rachel charge per hour,in order to earn her target profit?

A) $455
B) $648.50
C) $211
D) $549.67