Bill and Jane have been offered jobs where they will be paid strictly on commission. They expect to receive 3% commission on all sales of Solar Panels they close. Jane’s goal is to earn a gross salary of $95,600 a year. Bill’s goal is to earn a gross salary of $47,000 a year part-time. How much in Solar Panel sales would Bill and Jane need individually in order to reach their targeted salaries? Show your work.

Basic Math Assignment
(Total 40 Points)

Question 1: (4 Points)

a) The cost of a product went up $53 in 2012 and went down $47 in 2013. What is the overall change in price over the two-year period? 53-47=6.00

b) Amit bounced three checks and the bank charge for each was $23. Use a negative or positive sign to express the total service charges.

c) 53 ÷ 6 = (express using remainder)

d) 28 – (- 17) =

Question 2: (8 Points)

a) 0.62 * 0.15 =

b) Jorge’s checking account was overdrawn $37. If he deposited $48, what is his new balance?

c) Uncle Marvin’s debts were divided between three of his nieces. If he owed a total of $14,886, how much was owed by each niece?

d) 0.6298 – (-7.413) = (round to the nearest thousandth)

e) 13.25 * (-9) =

f) 6.956 ÷ (-3.7) =

g) 29 * 3.275 = (round to the nearest hundredth)

h) If the bank was asked to reverse a service charge they’d previously assessed, could the following problem be the correct way of calculating this? $109 – (28) = $81. True or false. Explain how you arrived at your conclusion.

Question 3: (12 Points) Answers and work should be in fraction form.

a) 5/6 + 1/7 =

b) 2/5 – 5/8 =

c) (1/8) (-6/7) =

d) 16 ÷ 11/5 =

Question 4: (16 Points)

Bill and Jane have been offered jobs where they will be paid strictly on commission. They expect to receive 3% commission on all sales of Solar Panels they close. Jane’s goal is to earn a gross salary of $95,600 a year. Bill’s goal is to earn a gross salary of $47,000 a year part-time. How much in Solar Panel sales would Bill and Jane need individually in order to reach their targeted salaries? Show your work.

Bill:

Jane:

 
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