Asked by babewithbrains

clay potts owns a pottery store. his brother jack works there for $50 dollars there and then gets .1 percent of the daily profits. clay gets the rest of the profits.

Question-------------------------------

A) What number of dollar PROFIT must the store make in one day for each person to get the SAME ammount of money?
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please help me. this is the last question on my homework
and i would like to be done.

Thank you.
Answered by Michael
Write equations to model the situation.
j=50+.01p
c=p-(50+.01p)
where p is the daily profit, j is Jack's salary, and c is Clay's salary

Since their salaries will be the same, set j equal to c.
50+.01p = p-(50+.01p)

Solve the equation for p, and you should get $102.04.
Answered by Michael
Wait, you said .1 percent... that would be ".001p" rather than ".01p" unless you meant 1 percent.
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