To find: - Monthly percent decrease in value of boat.
Solution: - Decrease of value per year = 8% of $23,400 = $1,872. Monthly decrease in value = $1,872/12 = $156. Monthly percentage decrease = ($156/$23,400) * 100 = 0.6667 or 0.67 (rounded to nearest hundredth)
The correct answer is A. Not only does $250 a week equal $1000 a month but the commission is also higher.
first job: $250wk = $1000 Month + .045 commission = $12000 year + .045 commission second job = $1800 Month + .03 commission = $21600 year + .03 commission commission based on sales of $1,000,000
1,000,000 times .045 = $45000 1,000,000 times .030 = $30000
FIRST JOB: $12,000 + $45,000 = $57,000 SECOND JOB: $21,600 + $30,000 = $51,600