A company has 500 employees, each paid $12 per hour, working 10 hours a day, five days a week, 4 weeks a month. In August, the amount of work increased, and the company hired 200 more people. How much money does the company pay in total per month after the new hires?
How much money does the company pay in total per day? ** The total pay per employee in a day is 12*10 = $<<12*10=120>>120
How many days does an employee work in a month? ** An employee works for 5*4 = <<5*4=20>>20 days in a month.
How much money does the company pay in total per month? ** The total amount of money paid to each employee monthly is 20*120 = $<<20*120=2400>>2400
How many employees does the company have after the new hires? ** When the number of employees increased to 500+200 = <<500+200=700>>700 after the new hires in August.
How much money does the company pay in total per month? ** The company pays a total of 700*2400 = $<<700*2400=1680000>>1680000 per month to its employees
#### 1680000