Math (algerbra)
posted by babewithbrains .
clay potts owns a pottery store. his brother jack works there for $50 dollars there and then gets .1 percent of the daily profits. clay gets the rest of the profits.
Question
A) What number of dollar PROFIT must the store make in one day for each person to get the SAME ammount of money?

please help me. this is the last question on my homework
and i would like to be done.
Thank you.

Write equations to model the situation.
j=50+.01p
c=p(50+.01p)
where p is the daily profit, j is Jack's salary, and c is Clay's salary
Since their salaries will be the same, set j equal to c.
50+.01p = p(50+.01p)
Solve the equation for p, and you should get $102.04. 
Wait, you said .1 percent... that would be ".001p" rather than ".01p" unless you meant 1 percent.
Respond to this Question
Similar Questions

math
part a: Lucy makes pottery to sell. One week , she uses 6 3/4kg of clay next week 2 2/3 clay. HOW much does she use during 2 weeks ? 
IFSM 300
The sales department tells management that they can increase revenue by 20 percent by increasing sales 20 percent, but the production department says that to achieve that number of units, they will have to buy a new piece of equipment … 
math
eva wants to make two pieces of pottery.she needs 3/5 pound of clay for one piece and 7/10 pound of clay for the other piece.she has three bags of clay that weigh 4/5 pound each.how many bags of clay will eva need to make both pieces … 
math
eva wants to make two pieces of pottery. She needs 3/5 pound of clay for one piece and 7/10 pound of clay for the other piece. She has three bags of clay that weigh 4/5 pound a piece. How many bags of clay will eva need? 
math
Ali is making pottery. He uses 3/8 of a 2pound bag of clay to make a set of bowls. Each set has 4 bowls. Drag one expression next to each question. The correct expression for each row is a way to answer that question. CLEAR CHECK … 
Math
I am also having trouble figuring out the below: Eva wants to make two pieces of pottery. She needs 3/5 pound of clay one piece and 7/10 pound of clay for the other piece. She has three bags of clay that weigh 4/5 pound each. How many … 
Math Help
I am having a lot of difficulty please help. Eva wants to make two pieces of pottery. She needs 3/5 pound of clay for one piece and 7/10 pound of clay for the other piece. She has three bags of clay that weigh 4/5 pound each. How many … 
Math
Eva wants to make two pieces of pottery.She needs 3/5 pound of clay for one piece and 7/10 pound of clay for the other piece.She has three bags of clay that weigh 4/5 pound each.How many bags of clay will Eva need to make both pieces … 
Algerbra
Mark has made a clay model. He will now make a clay statue that is mathematically similar to the clay model. The model has a base area if 6cm^2. The statue will have a base area of 253.5cm^2. Mark used 2kg of clay to make the model. … 
math
Three friends Nick, Rachel and Ahmed have a lemonade stand. They decide to share the profits the following way. Nick gets 2/3 of the total profits. Rachel will get 1/4 of the total profits. Explain why Ahmed will get 1/12 of the total …