A salesman paid 6.5% commission for ech sales over $4000 but 4% otherwise.If he makes three sales $5500,$6300 and$3400,how much commission does he expect to receive ?
multiply 5500 and 6300 by .065, then multiply 3400 by .04
finally add them together and that is your answer
Thanks For your help ,Jimmy.
To calculate the commission for the salesman's sales, we need to determine the amount of each sale that exceeds $4000 and calculate the commission based on the appropriate commission rate for each sale.
Let's break down the calculation step by step for each sale:
1. For the first sale of $5500:
- The amount over $4000 is $5500 - $4000 = $1500.
- The commission rate for this sale is 6.5%.
- The commission for this sale is therefore 6.5% of $1500.
- To calculate the commission, we multiply $1500 by 0.065: $1500 × 0.065 = $97.50.
2. For the second sale of $6300:
- The amount over $4000 is $6300 - $4000 = $2300.
- The commission rate for this sale is 6.5%.
- The commission for this sale is therefore 6.5% of $2300.
- To calculate the commission, we multiply $2300 by 0.065: $2300 × 0.065 = $149.50.
3. For the third sale of $3400:
- The amount over $4000 is $0 (since the sale is less than $4000).
- The commission rate for this sale is 4%.
- The commission for this sale is therefore 4% of $0.
- To calculate the commission, we multiply $0 by 0.04: $0 × 0.04 = $0.
Now, let's sum up the commissions for each sale to determine the total commission received by the salesman:
$97.50 (first sale commission) + $149.50 (second sale commission) + $0 (third sale commission) = $247.
Therefore, the salesman expects to receive a total commission of $247.