Question

Mrs. Lobo earns a salary of $50,000 per year plus a 4% commission on her sales. The average price of a share

Answer 1

Answer:

a) 50,000 + 2x > 70,000

Step-by-step explanation:

Mrs. Lobo has an annual salary of $50000 per year plus 4% commission on her sales.

If she makes $y commission from sales, Mrs Lobo total income per year is:

$50000 + $y.

She makes 4% commission on her sales of share with the average price of a share = $50

Average commission from sales = 4% × $50 = 0.04 × 50 = $2

If she sales x shares in a year, her commission would be $2x for the year. Therefore her total income for that year would be:

50000 + 2x

The amount of shares Mrs Lobbo must sell to make an annual income of at

least $70,000 is given by the inequality:

50,000 + 2x > 70,000