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Commercial agents earn 5% of the cost of each product they sell. If an agent earns
S2000 for selling a product, what was the cost of the product?

Respuesta :

abiolataiwo2015

Based on the information the cost of the product is $40,000.

Given:

Percentage earn=5% or 0.05

Amount earned=$2,000

Let x represent the cost of the product

Hence:

Formulate

.05x = $2000  

Divide both sides by .05

x=$2,000/.05

x=$40,000

Inconclusion  the cost of the product is $40,000.

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