SOLUTION: A furniture sales man earnes a base salary of $14,000 per year.The sales man also recieves a 7% commission on his sales.If his total sales exceed $500,000 for the year, a bonus of

Question 644281: A furniture sales man earnes a base salary of $14,000 per year.The sales man also recieves a 7% commission on his sales.If his total sales exceed $500,000 for the year, a bonus of $5000 is paid in December. Last year the sales man reported an income of $55,771 to the IRS. What were his total sales?
Answer by nerdybill(7384) (Show Source): You can put this solution on YOUR website!
A furniture sales man earnes a base salary of $14,000 per year.The sales man also recieves a 7% commission on his sales.If his total sales exceed $500,000 for the year, a bonus of $5000 is paid in December. Last year the sales man reported an income of $55,771 to the IRS. What were his total sales?
.
Let t = total sales
then
"commission" + "base" + "bonus" = "income"
.07t + 14000 + 5000 = 55771
.07t + 19000 = 55771
.07t = 36771
t = $525,300
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