SOLUTION: Patrick is an automobile salesman who receives a salary of $550.00 per week plus a commission of 5 percent on all sales. During a 4 week period he sold $45,500.00 worth of cars. Wh

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Patrick is an automobile salesman who receives a salary of $550.00 per week plus a commission of 5 percent on all sales. During a 4 week period he sold $45,500.00 worth of cars. Wh      Log On

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Question 196823: Patrick is an automobile salesman who receives a salary of $550.00 per week plus a commission of 5 percent on all sales. During a 4 week period he sold $45,500.00 worth of cars. What were Patricks average earnings?
Answer by Mathtut(3670) About Me  (Show Source):
You can put this solution on YOUR website!
45500/4=11375..avg sales per week
:
550+.05(11375)=550+568.75=$1018.75 avg earnings per week