Question

dominic earns $36,000 per year in his current job. he is considering a new job that will pay him $30,000 per year, plus a 12% (.12) commission on any sales revenue. what is the minimum amount of sales revenue dominic needs to generate to either match or exceed his current salary?

Answer 1

Dominic needs to generate a minimum of $50,000 in sales revenue to either match or exceed his current salary.

Step-by-step explanation:

In order for Dominic to either match or exceed his current salary of $36,000 per year, he needs to calculate the minimum amount of sales revenue he needs to generate. To do this, he can use the following equation:

Total Salary = Base Salary + Commission

Substituting in the given values:

36000 = 30000 + 0.12x

Simplifying the equation:

0.12x = 6000

Dividing both sides by 0.12:

x = 50000

Therefore, Dominic needs to generate a minimum of $50,000 in sales revenue to either match or exceed his current salary.