To make $104 per week at 3% commission the value of goods solds should be.A: 31200 B: 104003 C: 312 D: 312100 E: 1043
Question
To make $104 per week at 3% commission the value of goods solds should be.
A: 31200
B: 104003
C: 312
D: 312100
E: 1043
Solution
To find out the value of goods sold to make $104 per week at 3% commission, you need to follow these steps:
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Understand that commission is a percentage of the total sales. In this case, the commission is 3%.
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You know that this 3% equals $104 (the amount you want to make in a week).
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To find out the total value of goods sold, you need to calculate the amount that 100% would be.
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Set up the equation: 3/100 = 104/x
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Solve for x: x = (104 * 100) / 3
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Calculate the value: x = 3466.67
So, the value of goods that needs to be sold is approximately $3466.67. This option is not listed in the choices provided. There might be a mistake in the question or the provided choices.
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