A salesman is paid a monthly salary of $6,000 and a 5% commission on goods he sells above $20,000 each month. In a certain month the salesman earned $13, 000. How much money was the sales of the goods that month?
13,000 = 6,000 +.05(x-20,000)
k7
i dont know that is why i asked for help
First find the difference:
$13,000 - $6000=$7000
Then: 100/5 * 7000 =$140,000
To determine the sales of the goods for the month, we need to subtract the fixed salary from the total earnings of the salesman.
Let's break it down step-by-step:
1. Calculate the fixed salary: The salesman's monthly salary is $6,000.
2. Calculate the commission: The commission is 5% on goods sold above $20,000.
- First, we need to find out how much the salesman earned in commissions based on the total earnings. Since the salesman earned a total of $13,000, we need to find the portion of that amount that comes from commissions.
- Next, we need to find out how much the salesman sold in goods to receive the commission. The sales that count towards calculating the commission are the sales above $20,000.
- Finally, we will divide the commission earning by 5% to find the total sales of the goods.
3. Calculate the total sales: By adding the result from step 1 (fixed salary) to the result from step 2 (commission earning), we can find the total sales for the month.
Let's calculate each step:
Step 1:
Fixed salary = $6,000
Step 2:
Total earnings - Fixed salary = Commission earning
$13,000 - $6,000 = $7,000
Next, we can calculate the sales that count towards earning the commission:
$7,000 / 0.05 = $140,000
So, the sales of the goods for the month was $140,000.