Answer:
If $1: 1500 items
If $20: 75 items
If those answers are not applicable, divide 1500 by whatever the cost of the shoes he is selling — that will be how many he will need to sell.
Step-by-step explanation:
So first lets set up an equation to figure this out.
So we know that he makes 20% based off of sales, so we’ll convert this to a decimal:
20% -> .20
Next we’ll make an equation to see what is needed to get at least $500.
0.20x + 200 = 500
Next we’ll have to get x by itself.
[tex]0.20x + 200 = 5000.20x = 300[/tex]
Next divide both sides:
[tex]X = 1500[/tex]
So if he is making sales of $1 he will need to sell 1500 items.
If he is selling them at $20, he will need to sell 75 items.
What ever the price value is for the items, divide that from 1500.