Answer: $31045.5
Explanation:
First, you have to start by writing your equation. Start with letting p = the amount of product sold and d = dollars, or the amount of profit the CEO makes.
So, your equation should look like this:
d = the percentage the CEO earns (the profit of the company)
Profit is equal to the amount of gains minus the amount of losses. The amount of gains would be $855 times the number of products sold, and the losses per month are $6780 flat as shown in the problem. Finally, the percentage is 15%, as you're also told in the problem.
So now your equation looks like this:
d = 15% (855p - 6780)
OR
d = .15 (855p - 6780)
Now, you can substitute your 250 products sold in for p, and solve as shown below.
d = .15 (855(250) - 6780)
d = .15 (213750 - 6780)
d = .15 (206970)
d = 31045.5