The owner of a small store buys coats for 55.00 each He sells the coats for 66.00 each
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<h3>The minimum amount of sales Michael must have to earn at least $2500 in a month is $ 32000</h3>
<em><u>Solution:</u></em>
<em><u>The expression to Michael earnings is:</u></em>
Where,
b is the base salary, which is $ 900 in this sum
c is the commission rate
Given that commission rate is 5%
s is the sales
Michael must have to earn at least $2500 in a month
Here, at least means, "greater than or equal to" 2500
The inequality is framed as:
base salary + 5 % on sales 2500
Solve the inequality
Thus, minimum amount of sales Michael must have to earn at least $2500 in a month is $ 32000