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Matt starts a new job, with the goal of doubling his old average commi
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14 Nov 2022, 03:58
14 Nov 2022, 03:58
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Matt starts a new job, with the goal of doubling his old average commission of $400. He takes a 10% commission, making commissions of $100.00, $200.00, $250.00, $700.00, and $1,000 on his first 5 sales. If Matt made two sales on the last day of the week, how much would Matt have had to sell in order to meet his goal?
Show: ::
$ 33,500
Part of the project: GRE QCQ & PS 3 Questions Every One DAILY Challenge - (2022) - Gain 20 Kudos & Get FREE Access to GRE Prep Club TESTS
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GRE - Math Book
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Free Materials for the GRE General Exam - Where to get it!!
GRE Geometry Formulas
GRE - Math Book
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Re: Matt starts a new job, with the goal of doubling his old average commi
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29 Nov 2022, 04:36
29 Nov 2022, 04:36
Carcass wrote:
Matt starts a new job, with the goal of doubling his old average commission of $400. He takes a 10% commission, making commissions of $100.00, $200.00, $250.00, $700.00, and $1,000 on his first 5 sales. If Matt made two sales on the last day of the week, how much would Matt have had to sell in order to meet his goal?
Show: ::
$ 33,500
Part of the project: GRE QCQ & PS 3 Questions Every One DAILY Challenge - (2022) - Gain 20 Kudos & Get FREE Access to GRE Prep Club TESTS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Free Materials for the GRE General Exam - Where to get it!!
GRE Geometry Formulas
GRE - Math Book
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Free Materials for the GRE General Exam - Where to get it!!
GRE Geometry Formulas
GRE - Math Book
Let the last 2 sales be A and B
Now, New Average commision = \(\frac{100 + 200 + 250 + 700 + 1000 + A + B}{7} = 2(400)\)
\(5600 = 2250 + A + B\)
\(A + B = 3350\)
10% of Sales = Commision
Sales = \(10(3350) = $33,500\)
gmatclubot
Re: Matt starts a new job, with the goal of doubling his old average commi [#permalink]
29 Nov 2022, 04:36
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