SOLUTION: John earns a commission of 38% of the cost of every set of chef’s knives that he sells, Last year he earned $17,000 in commission. What was the cost of the chef’s knives that he so

Algebra ->  Test -> SOLUTION: John earns a commission of 38% of the cost of every set of chef’s knives that he sells, Last year he earned $17,000 in commission. What was the cost of the chef’s knives that he so      Log On


   



Question 1060157: John earns a commission of 38% of the cost of every set of chef’s knives that he sells, Last year he earned $17,000 in commission. What was the cost of the chef’s knives that he sold last year?
Answer by jorel555(1290) About Me  (Show Source):
You can put this solution on YOUR website!
Let n be the total value of the knives John sold last year. Then:
.38n=17000
n=17000/.38=$44736.84 as the total value of the knives John sold last year. ☺☺☺☺