SOLUTION: A realtor is paid a base salary of $20,000 a year plus 10% commission on all property sales. What are the sales needed to ensure an annual income greater than $50,000?

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Question 1023482: A realtor is paid a base salary of $20,000 a year plus 10% commission on all property sales. What are the sales needed to ensure an annual income greater than $50,000?
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
Hi there,
Base salary = $20,000 a year
10% commission on all property sales.
He wants to earn $50,000 per year.
shortfall = $50,000 - $20,000 = $30,000
($30,000 x 100)/10 = $300,000
This is the amount of sales he requires per year.
Hope this helps :-)