In the CFA example, with base rate £200 per hour and a 50% uplift, what is the charge-out rate?

In the CFA example, with base rate £200 per hour and a 50% uplift, what is the charge-out rate?

• A. £250
• B. £300
• C. £200
• D. £350

Answer: (B)

Applying an uplift to the base rate converts it into the charge-out rate. You multiply the base rate by (1 plus the uplift). Here, the base rate is £200 per hour and the uplift is 50%, so the charge-out rate is £200 × 1.50 = £300 per hour. £250 would come from a 25% uplift, £200 would be no uplift, and £350 would require a 75% uplift. Therefore, £300 is the correct charge-out rate.

Applying an uplift to the base rate converts it into the charge-out rate. You multiply the base rate by (1 plus the uplift). Here, the base rate is £200 per hour and the uplift is 50%, so the charge-out rate is £200 × 1.50 = £300 per hour.

£250 would come from a 25% uplift, £200 would be no uplift, and £350 would require a 75% uplift. Therefore, £300 is the correct charge-out rate.