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asambeis [7]
3 years ago
15

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?

Mathematics
2 answers:
julsineya [31]3 years ago
6 0

$56,123

40% for 15 car.,



melisa1 [442]3 years ago
6 0

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.

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