A car dealership pays you 6% commission on your first $5,000 on car sales and 8% commission on the sale amount over $5,000. If you sold a $10,000 car, how much is your commission?
A. $600
B. $700****
C. $800
D. $500
looks good
ok, thanks oobleck
To calculate your commission, you need to determine the amount of the car sale that falls within each commission range.
Step 1: Calculate the commission for the first $5,000 at 6%:
Commission on the first $5,000 = $5,000 * 6% = $300
Step 2: Calculate the commission for the remaining amount over $5,000 at 8%:
Amount over $5,000 = $10,000 - $5,000 = $5,000
Commission on the remaining amount = $5,000 * 8% = $400
Step 3: Add the two commissions together to find your total commission:
Total commission = $300 + $400 = $700
So, the correct answer is B. $700.