Application of percent
Alice earns a monthly salary of $315 plus a commission on her total sales. Last month her total sales were $9640, and she earned a total of $1182.60.What is her commission rate?
1182.60 - 315 = 867.60
867.6 / 9640 = 0.09 = 9%
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I don't know i need help, can some one help me?
To determine Alice's commission rate, we need to find the percentage of her total sales that she earned as commission. We can follow these steps:
Step 1: Calculate the commission earned by subtracting the base salary from the total earnings:
Commission = Total Earnings - Base Salary
In this case, Alice's base salary is $315 and her total earnings are $1182.60:
Commission = $1182.60 - $315
Commission = $867.60
Step 2: Calculate the commission rate as a percentage of the total sales:
Commission Rate = (Commission / Total Sales) * 100
Using the values we have:
Commission Rate = ($867.60 / $9640) * 100
Step 3: Perform the calculation to find the commission rate:
Commission Rate = 0.09001 * 100
Commission Rate = 9.001
Therefore, Alice's commission rate is approximately 9.001%.