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lys-0071 [83]
4 years ago
9

Jackie has been offered positions by two cable companies. the first company pays a salary of $14,000 plus a commission of $100 f

or each cable package sold. the second pays a salary of $20,000 plus a commission of $25 for each cable package sold. how many cable packages would need to be sold to make the total pay the same
Business
2 answers:
Rudik [331]4 years ago
4 0

Answer:

He would have to sell 80 packages to make the total pay the same.

Explanation:

You will have to write the equation with the information given:

14,000+100x=20,000+25x

Then, you have to solve the equation for x that is the number of cable packages:

100x-25x=20,000-14,000

75x=6,000

x=6,000/75

x= 80

masha68 [24]4 years ago
3 0

The correct answer is 80 cable packages.

The following equation will solve this problem, where x equals the number of cable packages.

14,000 + 100x = 20,000 + 25x

First, subtract 25x from both sides:

14,000 + 75x = 20,000

Next, subtract 14,000 from both sides;

75x = 6,000

Finally, divide both sides by 75.

X = 80

Therefore, the answer is 80 cable packages.

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A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.

The amount of loan can be calculated as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

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Amount of Loan = $24,000

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Interest rate is 7.17%

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Answer: B. a 2 point capital gain

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