A car dealer receives 6% commission on each car sold. He sold 4 new cars at #2.35 million each and 2 refurbished cars at #480,000 each. How much was his total commission?
To find the total commission earned by the car dealer, we need to calculate the commission for each car first, and then sum them up.
For the 4 new cars sold at #2.35 million each, the commission earned on each car would be:
Commission on each new car = (6/100) * #2,350,000
Commission on each new car = #141,000
The total commission earned on the new cars would be:
Total commission on new cars = #141,000 (commission on each new car) * 4 (number of cars)
Total commission on new cars = #564,000
Similarly, for the 2 refurbished cars sold at #480,000 each, the commission earned on each car would be:
Commission on each refurbished car = (6/100) * #480,000
Commission on each refurbished car = #28,800
The total commission earned on the refurbished cars would be:
Total commission on refurbished cars = #28,800 (commission on each refurbished car) * 2 (number of cars)
Total commission on refurbished cars = #57,600
Finally, to find the total commission earned by the car dealer, we add the commission from new cars and refurbished cars:
Total commission = Total commission on new cars + Total commission on refurbished cars
Total commission = #564,000 + #57,600
Total commission = #621,600
Therefore, the car dealer's total commission was #621,600.
To find the total commission earned by the car dealer, we need to calculate the commission for each type of car sold (new cars and refurbished cars) and then sum them up.
First, let's calculate the commission for the new cars:
- The dealer sold 4 new cars at ₦2.35 million each.
- The commission rate is 6%, so the dealer earns 6% of the selling price for each car.
- Calculate the commission for each new car: 6% of ₦2.35 million = (6/100) * ₦2,350,000.
Commission for one new car = (6/100) * ₦2,350,000
Since the dealer sold 4 new cars, let's multiply the commission for one new car by 4 to get the total commission for the new cars.
Total commission for new cars = 4 * [(6/100) * ₦2,350,000]
Next, let's calculate the commission for the refurbished cars:
- The dealer sold 2 refurbished cars at ₦480,000 each.
- Similar to before, the commission rate is 6%, so the dealer earns 6% of the selling price for each car.
- Calculate the commission for each refurbished car: 6% of ₦480,000 = (6/100) * ₦480,000.
Commission for one refurbished car = (6/100) * ₦480,000
Since the dealer sold 2 refurbished cars, let's multiply the commission for one refurbished car by 2 to get the total commission for the refurbished cars.
Total commission for refurbished cars = 2 * [(6/100) * ₦480,000]
Finally, let's calculate the total commission earned by summing up the commission earned for new and refurbished cars.
Total commission = Total commission for new cars + Total commission for refurbished cars
Now we can substitute the values and calculate the total commission.
Don't just expect everyone to answer the question for you, what part do you need help on, is a part harder than the rest?
4*2350K + 2*480K = 10360K
.06 * 10360K = 621.6K