A local salesman receives a base salary of $700 monthly. If his total sales receipts...
A local salesman receives a base salary of $700 monthly. If his total sales receipts for the month exceed $1900, he also receives a commission of 9% on the portion of sales over $1900. How much would he have to sell in a month if he wants to have a monthly income of $2800?
Answer & Explanation
Base salary of a salesman monthly
He receives a commission of 9% on the portion of sales over $1900.
Let the total sales
His monthly income if his total sales receipt exceeds $1900 is given by
If he wants his monthly income $2800 then
let the total sales be x
he gets 11% on sales above 1150
commission = 11%(x-1150)
1900 = 700 +11%x-11 * 11.50
1200 +126.50 =11%x