A Sal year. What percent increase in commission over the second year will give him $57,600 in the third year? 20% the second *** The commission rate must increase by % over the second year for the salesman to get $57,600 in the third year. (Simplify your answer. Type an integer or a decimal.)

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter28: Degree Of Precision, Greatest Possible Error, Absolute Error, And Relative Error
Section: Chapter Questions
Problem 3A: A machinist's gross income is $875 a week. If the cost of living goes up 3.4%, how much must the...
icon
Related questions
Question
100%
A salesman earns $60,000 in commission in his first year and then has his commission reduced by 20% the second
year. What percent increase in commission over the second year will give him $57,600 in the third year?
The commission rate must increase by % over the second year for the salesman to get $57,600 in the third year.
(Simplify your answer. Type an integer or a decimal.)
Transcribed Image Text:A salesman earns $60,000 in commission in his first year and then has his commission reduced by 20% the second year. What percent increase in commission over the second year will give him $57,600 in the third year? The commission rate must increase by % over the second year for the salesman to get $57,600 in the third year. (Simplify your answer. Type an integer or a decimal.)
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
PREALGEBRA
PREALGEBRA
Algebra
ISBN:
9781938168994
Author:
OpenStax
Publisher:
OpenStax
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning