Question

Mike makes a comission of 18% on each TV set sold at store. Each TV costs $540.67. How much money will he make in commission if the store sells 261 TV sets? Round to the nearest cent.

Answer 1

`\text{ \$25,400.52}`

Step-by-step explanation:

From the question, we are told he makes a commission of 18% on each set

Now, let us calculate the amount made per TV set sold

Mathematically, this would be 18% of $540.67

We can calculate this as:

`(18)/(100)*540.67\text{ = \$97.32}`

What this mean is that he makes $97.32 as commission for each set of TV sold

Now, let us calculate what he will make for selling 261 sets

Mathematically, that would be the product of what he makes per one multiplied by the number of sets sold

We have this computed as:

`\text{ \$97.32 }*\text{ 261 =\$25,400.52}`

Rounding to the nearest cent means rounding to the nearest hundredth