SOLUTION: Mark works strictly on commission of his gross sales from selling two different products for his company. Last month, his gross sales were $88,000. If he earns 4% commission on pro

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Mark works strictly on commission of his gross sales from selling two different products for his company. Last month, his gross sales were $88,000. If he earns 4% commission on pro      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1064813: Mark works strictly on commission of his gross sales from selling two different products for his company. Last month, his gross sales were $88,000. If he earns 4% commission on product A and 3% commission on product B, what were his gross sales for each product if he earned $3260 in total commission?
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
Let m be the total cost of product A sold. Then:
.04m+.03(88000-m)=3260
.01m=620
m=$62000 worth of product A, and $26000 of product B were sold. ☺☺☺☺