Question

Debbie is a Financial Planner and charges her clients on a commission basis. For a particular month, Debbie makes three deals of $40,000. If she charges 1% commission for each deal, what will be her commission for the month?

Answer 1

Answer : 1200

Ex: Three Deals each totaling 40k =120k . If each deal has 1 percent commission then Debbie receives 400 for each deal which equals 1200.

Answer 2

$400

Step by step explanation

Step 1: Total of the three deal = $40,000

Commission = 1% = 1/100 = 0.01

Step 2: Find the commission for $40,000

Commission earned for the month = 0.01 *$40000

= $400

I hope you will understand this.

Thank you.