Question

You are offered two different sales jobs. The first company offers a straight commission of 7% of the sales. The second company offers a salary of $460 per week plus 3% of the sales. How much would you have to sell in a week in order for the straight commission offer to be at least as good?

Answer 1

Answer: To determine how much you would have to sell in a week in order for the straight commission offer to be at least as good as the second company’s offer, we can use the following formula:

0.07x = 460 + 0.03x

where x is the amount of sales in dollars.

Solving for x, we get:

0.04x = 460

x = 11,500

Therefore, you would have to sell $11,500 worth of sales in a week in order for the straight commission offer to be at least as good as the second company’s offer.