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Oxana [17]
3 years ago
9

Cody works at a car dealership where he earns $300 each week plus a commission equal to 1% of his total sales. This week his goa

l is to earn at least $500. What is the minimum amount of total sales Cody must have to reach his goal?
Mathematics
1 answer:
Dmitrij [34]3 years ago
5 0

Answer:

$20,000 = sales

Step-by-step explanation:

Giving the following information:

Fixed salary= $300

Commission rate= 1% of sales

<u>First, we need to establish the net income formula:</u>

Net income= 300 + 0.01*sales

<u>Now, the sales required for $500 net income:</u>

500= 300 + 0.01sales

200/0.01 = sales

20,000 = sales

Prove:

Net income= 300 + 0.01*20,000

Net income= $500

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