Math Problem Statement

A machine company has an incentive plan for its salespeople. For each machine that a salesperson sells, the commission is $50. The commission for every machine will increase by $0.05 for each machine sold over 500. For example, the commission on each of 502 machine sold is $50.10. How many machines must a salesperson sell in order to earn $33.000?

Solution

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Math Problem Analysis

Mathematical Concepts

Arithmetic Progression
Linear Equations

Formulas

Sum of an arithmetic sequence: S = (m / 2) * (2a + (m - 1)d)
Total commission: 25,000 + S = 33,000

Theorems

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Suitable Grade Level

Grades 9-12