SOLUTION: Michelle can enter a small business as a full partner and receive a salary of $10000 a year and 15% of the years profit or she can be sales manager for a salary of $25000 plus 5% o
Algebra.Com
Question 1136173: Michelle can enter a small business as a full partner and receive a salary of $10000 a year and 15% of the years profit or she can be sales manager for a salary of $25000 plus 5% of the years profit.what must the years profit be for her total earning to be the same whether she is a full partner or a sales manager
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Michelle can enter a small business as a full partner and receive a salary of $10000 a year and 15% of the years profit or she can be sales manager for a salary of $25000 plus 5% of the years profit.what must the years profit be for her total earning to be the same whether she is a full partner or a sales manager
----
Equation:
10000+ 0.15P = 25000+ 0.05P
Solve for Profit::
0.10P = 15000
P = 15000/0.1 = $150,000
Cheers,
Stan H.
--------
RELATED QUESTIONS
I have to write a system of equations that can be used to solve this problem then solve... (answered by rfer)
the owner and a partner in a small business share profits in the ratio 2:1. for a month... (answered by stanbon)
If business partner A invested $40,000 and business partner B invested $30,000 and they... (answered by rfer)
A b and c share profit on a business deal a receive 1/3 of the profit b receive 2/3 of... (answered by saw,ikleyn)
Of the the two partners A and B,A has invested 2/3 as much invested in a business as B.... (answered by bassoon_life,ikleyn)
Jackson’s annual salary is $52,400. He has been promised a 3.6% merit raise in the year (answered by Alan3354)
scott, anne and jane form a parnership in which, scott invests $60,000. anne invests... (answered by mananth)
A shipment of 35 computers contains three that are defective. How many ways can a small... (answered by stanbon)
Three partners A,B and C agreed to share their annual net profit in the ratio 2 3 5. In a (answered by Theo)