SOLUTION: Michelle can enter a small business as a full partner and receive a salary of $10000 a year and 15% of the years profit or she can be sales manager for a salary of $25000 plus 5% o

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Michelle can enter a small business as a full partner and receive a salary of $10000 a year and 15% of the years profit or she can be sales manager for a salary of $25000 plus 5% o      Log On


   

Question 1136173: Michelle can enter a small business as a full partner and receive a salary of $10000 a year and 15% of the years profit or she can be sales manager for a salary of $25000 plus 5% of the years profit.what must the years profit be for her total earning to be the same whether she is a full partner or a sales manager
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Michelle can enter a small business as a full partner and receive a salary of $10000 a year and 15% of the years profit or she can be sales manager for a salary of $25000 plus 5% of the years profit.what must the years profit be for her total earning to be the same whether she is a full partner or a sales manager
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Equation:
10000+ 0.15P = 25000+ 0.05P
Solve for Profit::
0.10P = 15000
P = 15000/0.1 = $150,000
Cheers,
Stan H.
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