Question

Kanica wants to earn at least $750 this week in commission. What is the minimum amount she needs to sell in order to earn $750 if she earns a 7.5% commission on everything she sells? Round your answer to the nearest dollar if necessary.

Answer 1

To earn at least $750 in commission with a 7.5% commission rate, Kanica needs to sell at least $10,000 worth of goods.

Step-by-step explanation:

To find the minimum amount Kanica needs to sell in order to earn $750, we can set up an equation based on the commission she earns. Let's denote the amount she needs to sell as x.

Her commission is 7.5% of the total amount she sells. So, 7.5% of x is equal to $750. Mathematically, this can be written as:

0.075x = 750

To solve for x, divide both sides of the equation by 0.075:

x = 750 / 0.075

Calculating this, we find:

x = 10,000

Therefore, Kanica needs to sell at least $10,000 worth of goods in order to earn $750 in commission.

Answer 2

Total earning Kanica wants to make is at least $750

The commission she gets is 7.5 % Therefore to find the sales she should make we use :

(Total earnings * 100% )/ Commission

= (100 * 750) / 7.5

=75000/7.5

= $ 10,000