Problema Solution
a realestate agent recieves monthly salary of $1500 plus 4% comission on every home sold. For what amount of monthly sales will the agent earn at least $5000
Answer provided by our tutors
Let monthly sales = $ x
Monthly salary = $ 1500
Commission = 4 % = $ x * 0.04
Total amount = $ 5000
therefore
1500 + 0.04 x = 5000
or 0.04 x = 5000 - 1500 = 3500
or 0.04 x = 3500
x = 3500 / 0.04 = 87500
Minimum sales should be = $ 87500 (answer)