SOLUTION: What is the formula for this problem along with the answer
A person earns 48000 in commission in one year. She received 60% of 6% of what the broker received. -what is her av
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Question 950379: What is the formula for this problem along with the answer
A person earns 48000 in commission in one year. She received 60% of 6% of what the broker received. -what is her average monthly sales volumn
Found 2 solutions by macston, stanbon:
Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
48000/year(1 yr/12 mos)=$4000/month Her monthly commission was $4000.
Her rate was 60% of 6% or (0.60)(0.06)=0.036(100 %)=3.6 %
So her commission was 3.6% of sales volume:
$4000/month=(0.036)(Sales volume) Divide each side by 0.036
$111111.11/month=Sales Volume ANSWER: Her monthly average sales volume is $111111.11.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
What is the formula for this problem along with the answer
A person earns 48000 in commission in one year. She received 60% of 6% of what the broker received. -what is her average monthly sales volumn
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Average commission earnings per month = 48000/12 = $4000
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Let "x" be her monthly sales volumn
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Equation:
0.6*0.06x = 0.036x = 4000
x = 4000/0.036
x = $111,111.11 (her average monthly sales volumn)
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Cheers,
Stan H.
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