What were her sales for the month of may of medical supplies, Mathematics

Assignment Help:

Kim is a medical supplies salesperson. Each month she receives a 5% commission on all her sales of medical supplies up to $20,000 and 8.5% on her total sales over $20,000. Her total commission for May was $3,975. What were her sales for the month of May?

Kim sold over $20,000 in May. She received a 5% commission on the ?rst $20,000 of sales. To ?nd 5%, multiply by the decimal equivalent of 5% (0.05); $20,000 × 0.05 = $1,000. Since her total commission was $3,975, $3,975 - $1,000 = $2,975 is the amount of commission she earned on her sales over $20,000. $2,975 is 8.5% of her sales over $20,000. To ?nd the amount of her sales over $20,000, use a proportion; part/whole = %/100. Part is $2,975, and whole is what we are looking for, so let's call it x. The % is 8.5; 2975/x = 8.5/100. To solve for x, cross multiply; (2,975)(100) = 8.5x. Divide both sides by 8.5 to solve; 297500/8.5 =8.5x/8.5; x = $35,000. Her sales over $20,000 were $35,000. Her total sales were $55,000 ($20,000 + $35,000).


Related Discussions:- What were her sales for the month of may of medical supplies

Fractions, A car travels 283 1/km in 4 2/3 hours .How far does it go in 1 h...

A car travels 283 1/km in 4 2/3 hours .How far does it go in 1 hour?

Correlation and regression, Correlation and Regression CORRELATION is ...

Correlation and Regression CORRELATION is an important statistical concept which refers to association or interrelationship among variables. The reasons of studying correla

Produt promotion, What is the structure of produt promotion?

What is the structure of produt promotion?

Measures of dispersion- measures of central tendency, Measures of Dispersio...

Measures of Dispersion - The measures of dispersion are extremely useful in statistical work since they indicate whether the rest of the data are scattered away from the mean

Interest, kolushushi borrowed tsh 250000/- and paid135000/- as interest in ...

kolushushi borrowed tsh 250000/- and paid135000/- as interest in 3 years. what rate of interest was paid

Pi, is that rational or irrational number

is that rational or irrational number

Find the area of the shaded region of square, In the adjoining figure, ABCD...

In the adjoining figure, ABCD is a square of side 6cm.  Find the area of the shaded region. Ans:    From P draw PQ ⊥ AB AQ = QB = 3cm (Ans: 34.428 sq cm) Join PB

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd