SOLUTION: commission A company pays its sales people on a basis of percentage of the first $100,000 in sales , plus a certain percentage of any amount over $100,000 in sales .If on

Algebra.Com
Question 153170This question is from textbook introductory mathematical analysis , for business ,economics and the life and social science
: commission
A company pays its sales people on a basis of percentage of the first $100,000
in sales , plus a certain percentage of any amount over $100,000 in sales .If one salesperson earned $8500 on sales of $175000 and another sales person earned $14,800 on sales of $280,000 find the two percentages
I have a deep desire to master worded problems, However i am having problems constructing the models.Can you advise me on how solve a problem like this one. I trying hard to learn from examples.






This question is from textbook introductory mathematical analysis , for business ,economics and the life and social science

Answer by oscargut(2103)   (Show Source): You can put this solution on YOUR website!
Let x= the first percentage (applied to 100000)
Let y = the second percentage (applied to the difference between the sales and 100000)
If one salesperson earned $8500 on sales of $175000
then

and another sales person earned $14,800 on sales of $280,000
then

Then 2 equations are:


doing 1st eq by -1


adding both equations we have:
105000y=6300
then y=0.06 (6%)

then

then x=0.04 (4%)


Answer: 1st percentage is 4% and the second is 6%










RELATED QUESTIONS

commision A company pays its salespersons on a basis of a certain percentage of the (answered by scott8148)
commision A company pays its salespersons on a basis of a certain percentage of the (answered by scott8148)
Lee company pays its employees on a graduated commission scale: 6% on the first $40,000... (answered by mananth)
a company pays its sales employees a base rate of $450 a week plus a 4% commission on any (answered by macston)
Mary is a sales representative for a food company. Over the last month, she closed... (answered by Theo)
A company pays its salespeople a 5% commission. Compute the amount of sales needed to... (answered by checkley79)
Salary Plus Commission: Stockdale Marine pays salespeople as follows: $452 per week plus... (answered by Fombitz)
Suppose a company offers you a sales position with your choice of two methods of... (answered by jojo14344)
Acme Hardware pays its salespersons $1000.00 per month plus a graduated commission of 2%... (answered by rfer,josmiceli,bucky)