Problema Solution
a salesman's monthly commission is 12% on all sales over $15,000. if his goal is to make a commission of a least $3,600 a month, what minimum monthly sales figures must he attain
Answer provided by our tutors
Based on the word problem statement, any sales less than $15,000 will not earn any commisions.
Let 'c' represent the amount of commission, then a minimum commission of $3,600 (and then assumes that sales less than $15,000 are treated as unavailable):
Let's just figure out the monthly commission that can be attained:
3600<=0.12(15000c)
click here to solve for commisions
c>=2
2*15000 = 30000
So, $30,000 of commisions are required, giving a total sales of:
30000+15000 = 45,000
So, a single $45,000 sales can earn $3,600 and if that sale is repeated each month, then the monthly attained each month would be $3,600. Of course, each sale is probably less than $45,000 and more information would be required.