A salesperson at a local bank has a starting salary of $55,000. For each mortgage this sales person closes, they receive a $2,100 bonus. In order to be promoted, the sales person needs to earn at least S70,000 between the ir starting salary and mortgage bonus. What is the minimum number of mortgages a sales person needs to close in order to be eligible for promotion? A) 7

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
icon
Related questions
Topic Video
Question
A salesperson at a local bank has a starting
salary of $55,000. For each mort gage this
sales person closes, they receive a $2,100
bonus. In order to be promoted, the sales
person needs to earn at least S70,000 between
the ir starting salary and morngage bonus.
What is the minimum numbeT of mortgages a
sales person needs to close in order to be
eligible for promotion?
A) 7
B) 8
C) 10
D) 27
Transcribed Image Text:A salesperson at a local bank has a starting salary of $55,000. For each mort gage this sales person closes, they receive a $2,100 bonus. In order to be promoted, the sales person needs to earn at least S70,000 between the ir starting salary and morngage bonus. What is the minimum numbeT of mortgages a sales person needs to close in order to be eligible for promotion? A) 7 B) 8 C) 10 D) 27
Expert Solution
Step 1

Starting salary of salesperson=$55000

bonus per mortgage=$2100

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra And Trigonometry (11th Edition)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
Introduction to Linear Algebra, Fifth Edition
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
College Algebra (Collegiate Math)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education