Question

A salesman at the Wasteland TV Company sold five identical LED TV sets last week and earned $509.70 in commissions. If his commission rate is 6%, what does one of these models cost?

Answer 1

Answer: The cost of one of these models is $1699.

Step by step solution:

Let's start by writing an equation that fits the situation.

Let x = model cost LED TV set cost

He sold 5 of these sets, his commission is of 6% = 0.06 = 6/100, and earned $509.70.

`5\cdot x*0.06=509.70`

Solve for x,

`\begin{gathered} 5x*0.06=509.70 \\ 5x=(509.70)/(0.06) \\ x=(509.70)/(0.06\cdot5) \\ x=1699 \end{gathered}`

Answer: The cost of one of these models is $1699.