Jack sold $25,000 worth of computers during one month. His pay for the month was $3500. What is his commission?
Does he make salary plus commission or only commission?
14%
To find Jack's commission, we first need to determine the commission rate. Commission is usually calculated as a percentage of the total sales.
Let's assume Jack's commission rate is x%. We can use the following equation to find the commission:
Commission = Total Sales * Commission Rate
Given that Jack sold $25,000 worth of computers, we substitute this value into the equation:
Commission = $25,000 * Commission Rate
To find the commission rate, we need the information about his pay for the month. Let's assume his pay is a percentage of the total sales.
Given that Jack's pay for the month is $3500, we can set up the following equation:
Pay = Total Sales * Pay Rate
Substituting the given values:
$3500 = $25,000 * Pay Rate
Now, solve for Pay Rate:
Pay Rate = $3500 / $25,000
Pay Rate = 0.14
So, Jack's pay rate is 0.14 or 14%.
To find his commission, substitute the commission rate into the commission equation:
Commission = $25,000 * 14%
Commission = $25,000 * 0.14
Commission = $3500
Therefore, Jack's commission is $3500.