You receive two job offers. one offers a straight commission of 6% of sales. the other offers a salary of $500 per week plus 3% of sales. how much would you have to sell per week in order for the straight commission job offer to be better?

You should sell above $16666 per week to earn more with straight 6% rate.

Explanation:

6% amounts for 6 cents or 0.06 dollars (this is to maintain units) for every dollar you sell.

for 3% is 0.03 dollars per dollar plus the $500.

We represent each situation with an equation

 gain_on_6% = 0.06*sales

 gain_on_3% = 0.03*sales + 500

Equating these and solving for 'sales' will give us the value in which the gains are equal. Above that 6% will be more profitable.

This is shown in the following plot:

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

The correct answer is step.