Question 16 Susan needs to earn at least \( \$ 2,000 \) in commission to cover her living expenses. What is the minimum amount that she needs to sell in order to eain at least \( \$ 2,000 \) if she earns a \( 5 \% \) commission? Round to the nearest dollar. (3) Need help with this question?

To find out how much Susan needs to sell, you can use the formula for commission: Commission = Sales × Commission Rate. Here, she needs a commission of at least $2,000 at a commission rate of 5%. So, we set up the equation: \( 2,000 = Sales × 0.05 \). To find Sales, rearrange it: \( Sales = \frac{2,000}{0.05} = 40,000 \). Thus, Susan needs to sell at least $40,000 to earn her commission! A common mistake here is forgetting to convert percentage to decimal form. Many people might think 5% is just 5, but it’s actually 0.05 when dealing with calculations. Always remember that you can divide by the percent expressed in decimal form to avoid underestimating the sales needed!