Homework SourseYour performance at PayPal is outstanding and the word is ou
Your performance at PayPal is outstanding and the word is out. A medical sales company, Ethicon, is trying to entice you to work for them. They are offering you an annual salary of $21,000 plus a 2% commission on sales. If your desired monthly salary is unchanged (still $3000), how much must you sell to reach your goal?
Write an equation using x to represent sales and y to represent total pay
Replace the appropriate value with the value given in the problem and solve the equation
Write a sentence that explains your answer.
Your performance at PayPal is outstanding and the word is out. A medical sales company, Ethicon, is trying to entice you to work for them. They are offering you an annual salary of $21,000 plus a 2% commission on sales. If your desired monthly salary is unchanged (still $3000), how much must you sell to reach your goal?
Write an equation using x to represent sales and y to represent total pay
Replace the appropriate value with the value given in the problem and solve the equation
Write a sentence that explains your answer.
Your performance at PayPal is outstanding and the word is out. A medical sales company, Ethicon, is trying to entice you to work for them. They are offering you an annual salary of $21,000 plus a 2% commission on sales. If your desired monthly salary is unchanged (still $3000), how much must you sell to reach your goal?
Write an equation using x to represent sales and y to represent total pay
Replace the appropriate value with the value given in the problem and solve the equation
Write a sentence that explains your answer.
Solution
Total pay - y
sales - x
then, y = 21000 + 2% of x
or y = 21000 + (2x/100)
Now, y = $3000 * 12 (desired yearly salary)
y = $36,000
substituting in equation
36000 = 21000 + 2x/100
15000 = 2x/100
therefore, x = $750,000
I have to sell worth $750,000 to earn a 2% commission of $15,000 in order to get a desired total salary of $3000 per month instead of $1750 ($21000/12), which means that i will be earning $1250 per month from commission and that is 2% of monthly sales of $62500 ($750000/12)
