Asked by Anonymous
An insurance salesperson earns a commission of 3% of the first 5000 dollars on insurance that he sells each week and 4 percent of the value in excess of 5000 dollars. One week he earned a commission of 320 dollars. What was the total value of the insurance that he sold during the week?
Answers
Answered by
Henry
0.03*5000 + 0.04(N-5000) = 320.
150 + 0.04N - 200 = 320,
0.04N = 370,
N = $9250 = Total sales.
150 + 0.04N - 200 = 320,
0.04N = 370,
N = $9250 = Total sales.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.