Is this right?????????

A team of three laborers in Mongolia makes rugs by hand for export to the United States. The team works 14 hours a day, six days a week, 50 weeks a year, and is able to make 12 rugs a year. Each laborer is paid a wage that is equivalent to $1.10 per day. The rugs sell for $2,000 each in the United States.
a. What are the total labor costs involved in making these 12 rugs?
The total labor costs involved in making these 12 rugs is $330 a year.

b. How much profit does this company make every year?
This company makes $23,670 in profits every year.

c. If a team of three workers in the United States, each making the federal minimum wage, produced these 12 rugs, what would the total labor costs be? Don't forget that these workers would be working overtime.
The total labor costs would be $91,350. (lets say the minimum wage is $7.25)

3 * 1.10 * 50 * 6 = labour costs = $990 (so you're wrong!)

oops... that's 990, not 9,900!

12 * 2000 - 990 = $23,010 (so you're wrong!)

Isn't the federal minimum wage = $7.25 per HOUR?
And isn't overtime 1.5 times the normal rate?

So, 6 * 14 = 84 hours per week per worker
40 hours @ 7.25 .............. $290 per week
44 hours @ 1.5 * 7.25 ..... $478.50 per week
Total.................................. $768.50 per week
times 50 weeks......... $38,425 per year
times 3 workers ........ $115,275 per year....

That's not quite right - most U.S. workers only work 48 weeks per year, so the extra two weeks would likely be at double the normal rate, and triple for the overtime.

So, subtract two weeks at $768.50 per week, and add two weeks at $1537.00 per week. And, of course, there are the statutory holidays, which have to be taken into account....

Not quite.

A) 1.1*3*6*50= $990

B) 24,000-990= $23,010

Part C maybe off also.

7.25*14*3*6*50= $91,350

Working over 40 hours would probably get time and a half, $10.88 an hour.

If your real question is "Is this fair?" Then, no, it isn't.

You're still right...