bob gets paid an annual salary of $30,000 and earns 5% commission on all sales he makes. if bob wants to…

bob gets paid an annual salary of $30,000 and earns 5% commission on all sales he makes. if bob wants to make $6,000 this month, how much in sales does he need to have? a. $50,000 b. $70,000 c. $90,000 d. $120,000 please select the best answer from the choices provided

bob gets paid an annual salary of $30,000 and earns 5% commission on all sales he makes. if bob wants to make $6,000 this month, how much in sales does he need to have? a. $50,000 b. $70,000 c. $90,000 d. $120,000 please select the best answer from the choices provided

Answer

Explanation:

Step1: Calculate monthly - salary

Annual salary is $30000$, so monthly salary is $\frac{30000}{12}=2500$.

Step2: Calculate commission amount

He wants to make $6000$ this month. After subtracting the monthly - salary from the target amount, the commission amount is $6000 - 2500=3500$.

Step3: Calculate sales amount

Let the sales amount be $x$. The commission rate is $5%$ or $0.05$. We know that $0.05x = 3500$. Solving for $x$, we get $x=\frac{3500}{0.05}=70000$.

Answer:

B. $70,000$