Solve the Problem. -A Salesperson Has Two Job Offers. Company a Offers a a Offers

question 156

Multiple Choice

Solve the problem.
-A salesperson has two job offers. Company A offers a weekly salary of $540 plus commission of 18% of sales. Company B offers a weekly salary of $1080 plus commission of 9% of sales. What is The amount of sales above which Company A's offer is the better of the two?

• A)$6000
• B)$3000
• C)$6100
• D)$12,000

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Definitions:

Interest Rate

The cost, represented as a fraction of the principal, imposed by a creditor on a debtor for the borrowing of assets.

Processing

The action of performing a series of mechanical or chemical operations on something in order to change or preserve it.

Clearing

The process of reconciling purchases and sales of various options, futures, or securities, and the direct transfer of funds from one financial institution to another.

Net Float

The difference between checks written against and deposited in an account, before those checks have been cleared and settled.