A car salesman receives $575 a week in addition to 3% commission on all cars whose sticker price is above $4,500. One week he sold a Ford for $8,785 and a Buik for $5,832. How much did he earn that week?
A. $749.96
B. $838.55
C. $1013.51
D. $4,385.10
Explain how you got your answer please.
575 + (0.03 * 8785) + (0.03 * 5832) = t
? = t
oh, it's c
Right.
To calculate the car salesman's earnings for the week, we need to add his base salary of $575 to the total commission earned from selling the cars.
First, we need to calculate the commission earned from selling each car separately. The commission rate is 3% for cars with a sticker price above $4,500.
For the Ford sale, the sticker price is $8,785. Since it's above $4,500, we can calculate the commission by multiplying the sticker price by the commission rate:
Commission from Ford sale = $8,785 * 0.03 = $263.55
For the Buick sale, the sticker price is $5,832. It's also above $4,500, so we can calculate the commission in the same way:
Commission from Buick sale = $5,832 * 0.03 = $174.96
Now, we can add the base salary and the commissions earned from both sales to find the total earnings for the week:
Total earnings = Base salary + Commission from Ford sale + Commission from Buick sale
Total earnings = $575 + $263.55 + $174.96 = $1,013.51
Therefore, the car salesman earned $1,013.51 that week.
The correct answer is C. $1013.51.