Chapter 10: Problem 20
One used-car salesperson receives a commission of \(\$ 200\) plus 4 percent of \(\$ 1,000\) less than the car's final sale price. Another car salesperson earns a straight commission of 6 percent of the car's final sale price. What is the final sale price of a car if both salespeople would earn the same commission for selling it? A \(\$ 5,000\) B \(\$ 6,000\) C \(\$ 8,000\) D \(\$ 10,000\) E \(\$ 12,000\)
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.