SOLUTION: Jim is looking for a job in sales. Future Store will pay him $30 per day plus 5% commission on his sales. Buy the Best will pay him a $40 per day plus 4% commission on his sales. H

Algebra.Com
Question 1071777: Jim is looking for a job in sales. Future Store will pay him $30 per day plus 5% commission on his sales. Buy the Best will pay him a $40 per day plus 4% commission on his sales. How much does Jim need to sell per day to make Furture Store a better place to work?
Answer by Theo(13342)   (Show Source): You can put this solution on YOUR website!
let x = the amount of money he gets his commission on per day.

he makes 30 dollars plus .05 * x every day at future store.

he makes 40 dollars plus .04 * x every day at buy the best.

in order to make future store a better place to work, he needs to make more there than he would at buy the best.

that leads to the following equation:

30 + .05 * x > 40 + .04 * x

subtract 30 from both sides of this inequality to get:

.05 * x > 40 + .04 * x - 30

subtract .04 * x from both sides of this inequality to get:

.05 * x - .04 * x > 40 - 30

combine like terms to get:

.01 * x > 10

divide both sides of this inequality by .01 to get:

x > 10/.01

solve for x to get:

x > 1000

he needs to sell more than 1000 dollars of merchandise in order to make future store a better place to work than buy the best, assuming money is the determining factor.

he will break even when he sells 1000 dollars worth of merchandise.
he will do better when he sells more than 1000 dollars worth of merchandise.

when x = 1000,

money at future store = 30 + .05 * x = 30 + 50 = 80
money at buy the best = 40 + .04 * x = 40 + 40 = 80

when x = 1200,

money at future store = 30 + .05 * x = 30 + 60 = 90
money at buy the best = 40 + .04 * x = 40 + 48 = 88

the following table shows <, =, > values:

             future store     buy the best
x            30 + .05 * x     40 + .04 * x
800          70               72
1000         80               80
1200         90               88


the break even is when x = 1000
after that, future store money is greater than buy the best money.








RELATED QUESTIONS

Ernie earns $20 per day plus a commission of 5% on his total sales. Bert get $10 per day (answered by Earlsdon)
If someone has a position in sales in a department store with 2 different weekly salary... (answered by rfer)
In his sales job, Ehud earns a base salary of $1500 per month plus a commission of 5% on... (answered by mananth)
Tom sells shoes part time at a department store. He can earn either $500 per month plus... (answered by stanbon,mananth)
A salesperson in an expensive clothing store earns $2600 per month base pay plus a 6.5%... (answered by ikleyn)
martha works as a saleperson for momentum sales. she earns $1000 per month plus... (answered by stanbon)
a saleswoman in a leather store earns $2400 per month base pay plus a commission on... (answered by ewatrrr)
For a summer sales job, you are choosing between two pay arrangements: a weekly salary of (answered by stanbon)
Guy and Jim work at a furniture store. Guy is paid $185 per week plus 3% of his total... (answered by reviewermath)