A salesman salary is P10,000 plus 80% of a special fund amounting to x. 7% of the total amount he receives is P868. Find the value of x. The answer is P3,000. How is it derived? Thanks! PLease show the solution :)
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"80% of a special fund is x" means 0.80x.
The total amount is (10000 + 0.80x)
"7% of the total amount he receives is P868" means
(10000 + 0.80x)0.07 = 868
700 + 0.056x = 868
0.056x = 168
x = 3000
The total amount is (10000 + 0.80x)
"7% of the total amount he receives is P868" means
(10000 + 0.80x)0.07 = 868
700 + 0.056x = 868
0.056x = 168
x = 3000