How much in sales to reach their targeted salaries?

Question

Bill and Jane have been offered jobs where they will be paid strictly on commission. They expect to receive 3% commission on all sales of Solar Panels they close. Jane’s goal is to earn a gross salary of $95,600 a year. Bill’s goal is to earn a gross salary of $13,500 a year part-time. How much in Solar Panel sales would Bill and Jane need individually in order to reach their targeted salaries?

Answer 1

3% of sales: 0.03s

 

Jane: 0.03s = 95600

         s = 95600/0.03 = $__________

 

Bill:  0.03s = 13500

       s = 13500/0.03

 

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