You are offered two different sales jobs. The first company offers a straight commission of 4% of the sales. The second company offers a salary of $ 500 per week plus 2% of the sales. How much would you have to sell in a week in order for the straight commission to be equal to the salary plus commission?
let sales be $x
solve for x
.04x = .02x + 500
460
To find the sales amount needed for the straight commission to equal the salary plus commission, we can set up an equation. Let's assume that the sales amount is denoted by "x".
For the first company (straight commission):
Sales amount = 4% of sales = 0.04x
For the second company (salary plus commission):
Salary = $500 per week
Commission = 2% of sales = 0.02x
Salary plus commission = $500 + 0.02x
To find the sales amount needed, we equate the two expressions:
0.04x = $500 + 0.02x
Simplifying the equation, we subtract 0.02x from both sides:
0.04x - 0.02x = $500
Combining like terms, we get:
0.02x = $500
Finally, we divide both sides by 0.02 to solve for x:
x = $500 / 0.02
Calculating the solution, we have:
x = $25,000
Therefore, you would have to sell $25,000 in a week in order for the straight commission to be equal to the salary plus commission.
To find out how much you would have to sell in a week for the straight commission to be equal to the salary plus commission, you can set up an equation.
Let's say the amount you have to sell in a week is x.
For the first company (straight commission):
Commission = 4% of sales = 0.04x
For the second company (salary plus commission):
Salary = $500 per week
Commission = 2% of sales = 0.02x
To find the amount you would have to sell in a week for the two options to be equal, you need to solve the equation:
0.04x = $500 + 0.02x
To solve for x, you can subtract 0.02x from both sides of the equation:
0.04x - 0.02x = $500
Simplifying the equation gives:
0.02x = $500
Now, divide both sides of the equation by 0.02 to solve for x:
x = $500 / 0.02
x = $25,000
Therefore, you would have to sell $25,000 in a week for the straight commission to be equal to the salary plus commission.