A Shoe Salesman Working on Commission Must Decide Whether to Work

question 50

Multiple Choice

A shoe salesman working on commission must decide whether to work hard or shirk.Working hard would increase the probability of a sale from 20% to 70% but would cost him $5.If the average price of shoes is $100,what is the minimum commission rate would induce him to work hard?

• A)​4%
• B)6%
• C)8%
• D)​10%

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Internal convictions or viewpoints that influence how an individual perceives and reacts to various situations.

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