You receive an 11% commission on all the sales you make. If your commission for the month is $512.50, what was your total sales?
To find the total sales, we need to divide the commission by the commission rate.
Let's represent the total sales as 'x'.
The commission rate is 11%, which can be written as 0.11 in decimal form.
The equation we can set up is:
0.11 * x = 512.50
To solve for 'x', divide both sides of the equation by 0.11:
x = 512.50 / 0.11
Using a calculator, the result is:
x ≈ $4,659.09
Therefore, your total sales for the month were approximately $4,659.09