Ask Question
4 November, 04:34

A work-at-home opportunity is available in which you will receive 2 percent of the sales for customers you refer to the company. The cost of your ""franchise fee"" is $710. How much would your customers have to buy to cover the cost of this fee? (Round your answer to the nearest whole dollar.)

+4
Answers (1)
  1. 4 November, 04:56
    0
    The answer is $35500

    Explanation:

    We need to collect $710 from the sales of the customers referred by us to cover the franchise fee. But we only make 2% of whatever they spend. If we equate 710 to 2% and solve for 100% we will know what is the total dollar amount they need to spend:

    1. This can be solved using a rule of three:

    2% = $710

    100% = ?

    100 * 710 / 2 = 35500

    2. Or, It can also be solved writing it down as an equation and knowing that 2% also means 2 parts of 100 or 2/100 =.02

    710 =.02*Sales

    Solve for Sales:

    Sales = 710/.02 = 35500

    There is no need to round to the nearest whole dollar because the result is already in whole dollars, it does not have any cents.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A work-at-home opportunity is available in which you will receive 2 percent of the sales for customers you refer to the company. The cost ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers