Thomas Rendell's company pays him a straight 6% commission with a $1,350 drawing account each month. If his sales last month totaled $152,480, how much commission is owed to Thomas?
7798.80
To determine the commission owed to Thomas Rendell, we need to take his sales amount and calculate 6% of it.
1. Find the commission rate:
The commission rate is stated as a straight 6% of the sales amount.
2. Calculate the commission amount:
Multiply the sales amount by the commission rate.
Commission = Sales Amount x Commission Rate
In this case, the sales amount is $152,480, and the commission rate is 6% or 0.06.
Commission = $152,480 x 0.06 = $9,148.80
So, the commission owed to Thomas Rendell is $9,148.80.