Question 97868: edward is a salesman. his annual base salary is $30,000. he receives 2.5% commission on each sale, if he wanted to make $55,000 how much would he have to reach in sales?
Answer by ankor@dixie-net.com(22740)   (Show Source):
You can put this solution on YOUR website! Ddward is a salesman. his annual base salary is $30,000. he receives 2.5% commission on each sale, if he wanted to make $55,000 how much would he have to reach in sales?
:
Let x = his total sales for the year:
:
Salary + commission = $55,000
30000 + .025x = 55000
.025x = 55000 - 30000
.025x = 25000
x = 25000/.025
x = $1,000,000 in sales required to have $55000
:
:
Check solution:
30000 + .025(1000000) = 55000
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