Bill, a salesperson at an art gallery, is in charge of the sales of two kinds of paintings - oil and watercolor. The cos

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answerhappygod
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Bill, a salesperson at an art gallery, is in charge of the sales of two kinds of paintings - oil and watercolor. The cos

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Bill, a salesperson at an art gallery, is in charge of the salesof two kinds of paintings - oil and watercolor. The cost ofacquiring an oil painting is $50 while the cost of acquiring awatercolor painting is $25. The selling price per oil painting is$1,000, and per watercolor is $550. Bill receives a commission of5% on the profit. Answer the following questions based on thisscenario. For each question start with the original values and thenmake changes as specified in the question. For the questions below,subtract Bill's commission from the gross profit when calculatingnet profit for the art gallery. If the cost of acquiring a painting(both oil and watercolor) increased by $10, and Bill earned $582 ashis commission this week, which one of the following is possible?(Hint: number of sales for both oil and watercolor paintings arebetween 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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