Question

A realtor is paid a base salary of $20,000 a year plus 10% commission on all property sales. What are the sales needed to ensure an annual income greater than $50,000?

Answer 1

Answer:

$50,500

Step-by-step explanation:

Answer 2

Step-by-step explanation:

Base salary $20000 annually

Commission is 10% on sales

To make annual income greater than $50000

Let the sale be x

10% of x + 20000 = 50000

$\frac{10}{100} \times x + 20000 = 50000 \\ \frac{1}{10} \times x + 20000 = 50000 \\ \frac{x + 200000}{10} = 50000 \\ x + 200000 = 500000 \\ x = 500000 - 200000 \\ x = 300000$

Total sales should be greater than $300000 to make the annual income greater than $50000