Which is greater?
Minimum salary: $160.00
Commission: 5 1/2 percent on $2,900.00
To find the commission, we need to calculate 5 1/2 percent of $2,900.
5 1/2 percent can be written as a decimal by dividing it by 100: 5.5/100 = 0.055
To find the commission, we multiply $2,900 by 0.055:
Commission = $2,900 x 0.055 = $159.50
Therefore, the commission is $159.50, which is less than the minimum salary of $160.00.
To find the amount of commission earned, we need to multiply the total amount ($2,900.00) by the commission rate (5 1/2 percent):
Commission = $2,900.00 × 5.5/100
= $159.50
Comparing the minimum salary of $160.00 and the commission of $159.50, we can see that the minimum salary is greater.