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OpenStudy (anonymous):
A car salesman receives $50 for each car sale plus 2% of the purchase price. How much must a car sell for in order for the salesperson to earn at least $500?
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OpenStudy (tkhunny):
P = Price of the Car. 2% = 0.02 P*0.02 = the 2% piece of the sales commission. What is the other piece? Add them together and get $500.
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