Question

If your base pay is $10,000, your commission rate is 40%, you sell 15 cars, and you earn $40,000, how much does each car cost?

Answer 1

$56,123

40% for 15 car.,

Answer 2

Answer:

$5,000.

Step-by-step explanation:

Let x represent cost of each car.

We have been given that your base pay is $10,000, your commission rate is 40%, you sell 15 cars, and you earn $40,000. We are asked to find the cost of each car.

The commission earned on each car would be $\frac{40}{100}x=0.40x$.

The commission earned for selling 15 cars would be $15\times0.40x=6x$.

The total amount earned by you would be base salary plus amount earned in commission.

$6x+10,000=40,000$

$6x+10,000-10,000=40,000-10,000$

$6x=30,000$

$\frac{6x}{6}=\frac{30,000}{6}$

$x=5,000$

Therefore, the cost of each car is $5,000.