Asalesperson at a car dealership has a base salary of $25,000 per year and earns 5% commission on total sales.

how much must the salesperson sell to earn $50,000 in one year?

answer choices
$50,000
$5000
$500,000

explain and show work so i know how do similar questions. you.

So the person makes $50,000 minus the base salary of $25,000 which means he must make $25,000 in commissions.

So we have to figure out $25,000 is 5% of how much. There are many ways to do this.

5% is like saying 5/100. So $25,000 x 100/5 = $500,000

Or, to go from 5% to 100% you multiply by 20. Therefore your answer is $25,000 x 20= $500,000

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of