His new employer has offered Malcolm Davis his choice of profit-sharing plans. He can receive 1/90 of the company's gross income or 1/60 of the company's profit. Gross income is the total amount a company takes in. Profit is the income that is left when the expenses have been subtracted off. The company's expenses for one month is $100,000.
a.) Write an equation that would give Malcolm the same amount of money with either plan.
b.) Solve the equation in a.) and interpret the solution.

c.) How much would Malcolm receive when the two plans are the same?

Question

His new employer has offered Malcolm Davis his choice of profit-sharing plans.  He can receive 1/90 of the company's gross income or 1/60 of the company's profit.  Gross income is the total amount a company takes in.  Profit is the income that is left when the expenses have been subtracted off.  The company's expenses for one month is $100,000.
a.) Write an equation that would give Malcolm the same amount of money with either plan.
b.)  Solve the equation in a.) and interpret the solution.

c.) How much would Malcolm receive when the two plans are the same?

anonymous · Answer

$100 000/60 = $1666.666 for a month of profit, agree?

anonymous · Answer

Sounds good.  I was just really confused.

anonymous · Answer

So from here, how muchgross income would he need to have $1666.666? (Look at fractions)

anonymous · Answer

$240,000??   I don't know

anonymous · Answer

150 000

anonymous · Answer

I don't get it