Short Answer
Michelle can enter a small business as a full partner and receive a salary of $40,000 a year and 10% of the year's profit, or she can be sales manager for a salary of $75,000 plus 5% of the year's profit. What must the year's profit be for her total earnings to be the same whether she is a full partner or a sales manager? Year's profit = $__________
Correct Answer:
Verified
Correct Answer:
Verified
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