Problema Solution
A person has been offered a job as a sales representative for a company that sells office equipment. He will be paid $1,600 per month plus 5% on commission on the dollar value of sales. WHat is the minimum value of equipment the person needs to sell to earn at least $2,400 each month??
Answer provided by our tutors
Let minimum value of equipment the person needs to sell dollar value of sales=x.
So, 1600+0.05x=2400
0.05x=800
x=40000
Person need to sell $40000 the minimum value of equipment the person needs to sell to earn at least $2,400 each month.