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marissa [1.9K]
3 years ago
14

A work-at-home opportunity is available in which you will receive 2 percent of the sales for customers you refer to the company.

The cost of your ""franchise fee"" is $750. How much would your customers have to buy to cover the cost of this fee
Business
1 answer:
olga55 [171]3 years ago
6 0

Answer:

$37,500

Explanation:

You receive 2% of the sales.

You have to earn $750 to break even, or cover the franchise cost.

So, if we let Sales be "x", we can say:

<u><em>2% of x would be 750</em></u>

What is 2% in decimal?? We divide by 100, so we have:

2% = 2/100 = 0.02

Now, we convert the word equation above to mathematical equation:

0.02 * x = 750

Now, we solve for x, the amount customers have to buy (or sales):

0.02*x=750\\x=\frac{750}{0.02}\\x=37,500

Hence,

Customers would have to buy $37,500 to cover the cost of this fee.

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