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16 March, 03:17

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.)

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  1. 16 March, 03:29
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    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.
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