Question

Carissa has been hired as a saleswoman. She is paid a flat rate of $650 each week and earns an additional $13.25 commission for each sale. If her goal is to make $1,021 in one week, how many sales must Carissa make?

a. 28

b. 50

c. 78

d. 127

@myko @aaronq @ganeshie8 @.Sam. @thomaster @uri @dan815 @RadEn

Answer 1

she gets $650 flat,
and $13.25 for every sale she makes

so total money she gets is,

money = $650 + sales x $13.25

Answer 2

her goal is earn $1,021

1021 = 650 + sales x 13.25

Answer 3

solve sales

Answer 4

how do i solve this equation?

Answer 5

to solve sales, we need to isolate it

1021 = 650 + sales x 13.25

subtract 650 both sides

Answer 6

1021 = 650 + sales x 13.25
-650 -650

Answer 7

371

Answer 8

yes

371 = sales x 13.25

Answer 9

next, divide 13.25 both sides

Answer 10

371 = sales x 13.25
/13.25 /13.25

371/13.25 = sales

sales = 371/13.25

Answer 11

28!!!

Answer 12

yes ! so she has to make 28 sales to reach her goal of $1,021

Answer 13

you so much. will you help me with these?
Nat bought a dishwasher from a rental center for $639. He makes six monthly payments of $129.52 with his credit card. The rental center charges $2.95 for every purchase made with a credit card. He also had to pay late fees in the amount of $27 three different times. What is the total cost of the dishwasher?

Answer 14

Eustis purchased a living room set for $2,784 using a 12-month deferred payment plan. The interest rate after the introductory period is 24.90%. A down payment of $225 is required as well as a minimum monthly payment of $107. What is the balance after the introductory period if only the minimum payment is made until then?

Answer 15

one by one :)

Answer 16

your awesome thank you :)

Answer 17

letsstart with nat?

Answer 18

yes :)
Focus only on the money thats going from his pocket(credit card)

Answer 19

He makes six monthly payments of $129.52, and since they charge $2.95 everytime he swipes the card,

so, he paid the money : 6x(129.52+2.95)

Answer 20

also since he got delayed in payment 3 times, he paid penalty of $27, 3 times.

so overall, he paid :-
6x(129.52+2.95) + 3x27

Answer 21

simplify

Answer 22

ok let me try this :p

Answer 23

bleh i dont know how :( i only did inside the ()

Answer 24

just put it in calculator

Answer 25

here, it is :
http://www.wolframalpha.com/input/?i=6%28129.52%2B2.95%29+%2B+3%2827%29

Answer 26

so which one is it? theres two answers. 875.82 and 794.82? and they are both in my answer choices :(

Answer 27

875.82

Answer 28

the other one is some other calculation. ignore it :)

Answer 29

oh gotcha lol:) thank you so much! yay yay yay!

Answer 30

:) is the next question from financial algebra ?

Answer 31

yes all of these are :( haha

Answer 32

omg ! no wonder these are a bit tough

Answer 33

Eustis purchased a living room set for $2,784 using a 12-month deferred payment plan. The interest rate after the introductory period is 24.90%. A down payment of $225 is required as well as a minimum monthly payment of $107. What is the balance after the introductory period if only the minimum payment is made until then?

Answer 34

im glad im not the only one! lol. ok lets figure out eustis' situation lol

Answer 35

yes, living room set price is $2,784

you paid a down payment of, $225
you paid minimum monthly payments of $107 for 12 months : 12x107

so, overall, you paid how much ?

Answer 36

1284?

Answer 37

add downpayment 225 also

Answer 38

1509?

Answer 39

so, overall, you paid : 1284 + 225 = ?

Answer 40

yes u paid 1509

Answer 41

wats the balance amount pending ?

Answer 42

simply subtract 1509 from the original price of 2784

Answer 43

1275?

Answer 44

1275 is \(\large \color{Red}{\checkmark}\)

Answer 45

i wish :(

Answer 46

here are the choices
a. $1,990.18

b. $2,053.07

c. $3,167.18

d. $3,274.18

Answer 47

ok, this is compound interest problem then. u remember the formula ?

Answer 48

unfortunentally not :(

Answer 49

ok, its like this,
original price is 2784, since u made down payment of 225, the balance is, 2784-225 = 2559

Answer 50

after that, u made monthly payments 12 times. each month u need to calculate the interest and add it to the balance

Answer 51

prevously, we didnt account for the interest. BUT THE QUESTION wants you account for interest aswell. lets do it, ok ?

Answer 52

wats the interest ?

Answer 53

.2490?

Answer 54

yes, thats for year.
for month, the interest is .2490/12 = ?

Answer 55

.02075?

Answer 56

so,

after 1 month, balance = 2559(1+.02075) - 107

Answer 57

you must do it 12 times, (since you dont remember the formula)

Answer 58

after 1 month, balance = 2559(1+.02075) - 107 = 2505.1

Answer 59

after 2 months, balance = 2505.1(1+.02075) - 107 = ?

.........
after 12 months, balance = ?

Answer 60

hope u see how complex it is.. :)

Answer 61

ugh i dont know :( 2450.08?

Answer 62

?

Answer 63

not sure, im not getting one of the listed answer...

@amistre64 may be able to help, when he is online..

Answer 64

question is this :-
Eustis purchased a living room set for $2,784 using a 12-month deferred payment plan. The interest rate after the introductory period is 24.90%. A down payment of $225 is required as well as a minimum monthly payment of $107. What is the balance after the introductory period if only the minimum payment is made until then?

here are the choices
a. $1,990.18

b. $2,053.07

c. $3,167.18

d. $3,274.18

Answer 65

right

Answer 66

well thank you so much anyways you were a huge help!

Answer 67

np :) these are the hardest problems i feel.. . good luck !!

Answer 68

Eustis purchased a living room set for $2,784
using a 12-month deferred payment plan.

The interest rate after the introductory period is 24.90%
A down payment of $225 is required
as well as a minimum monthly payment of $107.

What is the balance after the introductory period
if only the minimum payment is made until then?
.............................................

What defines the "introductory period", is it the 12 months defered? What is the interest rate during the introductory period?

Do we assume no payments made during the introductory period? and if so, what does the minimum payment reflect? Interest only? I do not see a length of time in which to payoff the balance to zero to calculate it backwards otherwise