How would you solve this question?
The architect is assessing the new billable rates of employee pay to determine if raises are possible in this fiscal year. The firm's break-even rate has been 2.3, and Designer has been performing especially well lately. (Designer's billable rate is $95/hour)
If the owner wishes to make a 12% profit from their billable rate, what is the most they can pay the designer per hour? Round to the nearest cent.
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