Answer: The car has to sell for $20000
Explanation:
Let x represent the price that the car would have to sell for in order for these two job opportunities to pay Jim the same amount.
Ace Cars says they will pay Jim a 10% commission on the sale price of each car. It means that his pay would be
10/100 × x = 0.1x
Budget Cars says they will pay him $500 per week plus a 7.5% commission on the sale price of each car. It means that his pay would be
500 + 0.075x
For boths pays to be the same, it means that
0.1x = 500 + 0.075x
0.1x - 0.075x = 500
0.025x = 500
x = 500/0.025
x = 20000
The car has to sell for $20000