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?\na. $50,000\nb. $70,000\nc. $90,000\nd. $120,000\nplease select the best answer from the choices provided\no a\no b\no c\no d

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?\na. $50,000\nb. $70,000\nc. $90,000\nd. $120,000\nplease select the best answer from the choices provided\no a\no b\no c\no d

Answer

Explanation:

Step1: Calculate monthly salary

Monthly salary = $\frac{30000}{12}= 2500$.

Step2: Determine commission amount

Commission amount = $6000 - 2500=3500$.

Step3: Find sales amount

Let sales amount be $x$. Since commission rate is 5% or 0.05, we have $0.05x = 3500$. Solving for $x$, we get $x=\frac{3500}{0.05}=70000$.

Answer:

B. $70,000$