The table below shows the earnings, in thousands of dollars, for three different commissioned employees. $2,000 + 3% on all sale
s 7% on all sales 5% on the first $40,000 + 8% on anything over $40,000 December 4.4 5.6 5.2 January 3.5 3.85 3.6 February 4.7 4.9 4.4 Who had the largest dollar amount in sales for the month of January? a. The salary plus commission employee.
b. The straight commission employee.
c. The graduated commission employee. d. They each had the same dollar amount in sales.
The salary plus commission employee earned $3,500 in January. Let his amount of sales for the month of January be x, then $2,000 + 3% of x = $3,500.
0.03x = $3,500 - $2,000 = $1,500
x = $1,500 / 0.03 = $50,000
The straight commission employee earned $3,850 in January. Let his amount of sales for the month of January be y, then 7% of y = $3,850.
0.07y = $3,850
y = $3,850 / 0.07 = $55,000
The graduated commission employee earned $3,600 in January. Let his amount of sales for the month of January be z, then 5% of $40,000 + 8% of z = $3,600.
0.05 x 40,000 + 0.08z = $3,600
$2,000 + 0.08z = $3,600
0.08z = $3,600 - $2,000 = $1,600
z = $1,600 / 0.08 = $20,000
Total sales for the graduated commission employee<span> = $40,000 + $20,000 = $60,000
Therefore, the graduated commission employee had the largest dollar amount in sales of $60,000 for the month of January</span>
100 tickets were sold. The total amount of the tickets sold is = 5 * 100 = $500. First prize given = $100 Second prize worth = $20 * 5 = $100 Total worth of prize + $100 + $100 = $200. Net amount of tickets sold = $500 - $200 = $300 Expected price of each ticket sold = $300/100 = 3. Therefore, the real price of each ticket sold is $3.
Hi I'm new so but what you have to do is add the money up than you should add it with the 118 days because i just did this quiz and i got an 100% all the way and plz put this the bralnl' yest p.s your wolcome
