Charlene's annual bonus is calculated in the following manner: Charlene receives 40 percent of her first $11,000 in sales and 30 percent of her sales in excess of $11,000. If Charlene received a bonus of $7,300, what were her annual sales?
Choose the correct choice from the following answers:
A) $ 20,666  B) $ 22,000  C) $ 24,000  D) $ 26,000  E) $ 28,000
Let x be the total sales in $.   For the 1st 11,000 you get 40% ---&gt; 0.4*11000 = 4400$   For the remaining (x-11000) $, you get 30% ---&gt; 0.3*(x-11000)   Thus, 0.3*(x-11000) + 4400 = 7300 ----&gt; x= 20,666 $   $ 20,666 is thus the correct answer.
<result>A</result>
Charlene's annual bonus is calculated in the following manner: Charlene receives 40 percent of her first $11,000 in sales and 30 percent of her sales in excess of $11,000. If Charlene received a bonus of $7,300, what were her annual sales?