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Suppose compensation is given by W = 450,000 + 220 + 15S, where W = total compensation of the CEO, = company profits (in millions)

Suppose compensation is given by W = 450,000 + 220 + 15S, where W = total compensation of the CEO, = company profits (in millions) = $300, and S = sales (in millions) = $500. What percentage of the CEO's total earnings is tied to profits of the firm?

Multiple Choice

7.9 percent

12.6 percent

6.0 percent

43.4 percent

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