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

question 100

Multiple Choice

Solve the problem.
-A salesperson has two job offers. Company A offers a weekly salary of $280 plus commission of 14% of sales. Company B offers a weekly salary of $560 plus commission of 7% of sales. What is the amount of sales above which Company A's offer is the better of the two?

• A)$4100
• B)$8000
• C)$2000
• D)$4000

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Definitions:

Shares Outstanding

The total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Mill Rates

The amount of tax payable per dollar of the assessed value of a property, used in calculating local property taxes.

Assessed Value

The dollar value assigned to a property for purposes of taxation by the government.

PST

Provincial Sales Tax, which is a tax levied by individual provinces in Canada.