dhruvap2009 dhruvap2009

07-12-2021
Mathematics

contestada

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 abiolataiwo2015

16-12-2021

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.

Learn more about cost here:https://brainly.com/question/824281

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