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

Give an example of divisibility, Give an example of Divisibility? If yo...

Give an example of Divisibility? If you can divide one number by another without getting a remainder, we say that the first number is divisible by the second. For instance, the

Market orientation, what is market orientation? what is the importance of ...

what is market orientation? what is the importance of market orientation?what are its implementation?

Find the exact points and factorise , Consider the function f(x) = x 2 - 2...

Consider the function f(x) = x 2 - 2x - 1. (a) Factorise f(x) exactly. (b) Find the exact points (x and y coordinates required) where the graph of y = f(x) cuts the x and y-

Hypothesis testing, Hypothesis Testing Definition of Hypothesis Testing...

Hypothesis Testing Definition of Hypothesis Testing - A hypothesis is a claim or an opinion about an issue or item.  Hence it has to be tested statistically in order to esta

Operations Research inventory , A firm buys a product using the price sched...

A firm buys a product using the price schedule given in the table: The company estimate holding costs at 10% of the purchase price per year and ordering costs at $40 per order .

Transition matrix for the probabilitiy, Suppose research on three major cel...

Suppose research on three major cell phones companies revealed the following transition matrix for the probability that a person with one cell phone carrier switches to another.

What is the probability shane rolls a 5, Shane rolls a die numbered 1 by 6....

Shane rolls a die numbered 1 by 6. What is the probability Shane rolls a 5? From 2:15 P.M. to 4:15 P.M. is 2 hours. After that, from 4:15 P.M. to 4:45 P.M. is another half hour

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