Clay Potts owns a ceramic store. His brother Jack works for him. Jack earns wages of 50 dollars per day plus 10% of the profits. Clay gets the other 90% of the profits. On Monday the store makes a profit of 30 dollars. How much does Clay get?

Answer 1

Jack's pay = 50 + .1(30) = $53

Clay gets .9(30) = $27

Clay just lost $26.
At a profit of $30 per day, poor Clay is about to close shop.