SOLUTION: Gary makes $600 a month plus 3% interest on sales over 23,000. last month he made 73,000, what is his total for the monnth?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Gary makes $600 a month plus 3% interest on sales over 23,000. last month he made 73,000, what is his total for the monnth?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 262775: Gary makes $600 a month plus 3% interest on sales over 23,000. last month he made 73,000, what is his total for the monnth?
Found 2 solutions by rfer, drk:
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
50000*.03+600=$2100

Answer by drk(1908) About Me  (Show Source):
You can put this solution on YOUR website!
73000 = 600 + .03(C-23000)
subtract 600 to get
72400 = .03(c-23000)
divide by .03 to get
2413333.33 = C - 23000
C = 2436333.33
He sold $2,436,333.33 of material