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3 years ago

HELP I NEED HELP ASAP

Mathematics

1 answer:

icang [17]3 years ago

3 0

Answer:

$20,000 = sales

Step-by-step explanation:

Giving the following information:

Fixed salary= $300

Commission rate= 1% of sales

First, we need to establish the net income formula:

Net income= 300 + 0.01*sales

Now, the sales required for $500 net income:

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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