Question
Bill, a salesperson at an art gallery, is in charge of the sales of two kinds of paintings - oil and watercolor. The cost of
Bill, a salesperson at an art gallery, is in charge of the sales of two kinds of paintings - oil and watercolor. The cost of acquiring an oil painting is $50 while the cost of acquiring a watercolor painting is $25. The selling price per oil painting is $1,000, and per watercolor is $550. Bill receives a commission of 5% on the profit. Answer the following questions based on this scenario. For each question start with the original values and then make changes as specified in the question. For the questions below, subtract Bill's commission from the gross profit when calculating net profit for the art gallery. If the cost of acquiring a painting (both oil and watercolor) increased by $10, and Bill earned $582 as his commission this week, which one of the following is possible? (Hint: number of sales for both oil and watercolor paintings are between 6-10.)
A. The net profit for art gallery this week is $11058
B. The net profit for art gallery this week is $11210
C. The net profit for art gallery this week is $9400
D. The net profit for art gallery this week is $11640
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