Matt is a salesperson selling holidays in the Caribbean. He gets paid a commission on his sales.
On £10 000 worth of sales he gets 5% commission. How much is that?
To calculate Matt's commission, we need to multiply the sales amount by the commission rate.
Commission = Sales amount x Commission rate
Commission = £10,000 x 0.05
Commission = £500
Therefore, Matt's commission on £10,000 worth of sales is £500.
To calculate the amount of commission Matt receives on £10,000 worth of sales, you need to multiply the sales amount by the commission rate.
Commission = Sales amount × Commission rate
The commission rate is 5%, which is equivalent to 0.05 when expressed as a decimal.
Commission = £10,000 × 0.05
Calculating this:
Commission = £500