Question

Dane's salary is $1,800.00 per day inaddition to commıssion paid on histotal sales. Dane's total sales forFriday was $35,000.00, and his totalsalary for that day was $3,550.00. At what rate (as a percentage) was his commission paid?​

Answer 1

The commission rate paid to Dane was found by subtracting his base salary of $1,800.00 from his total Friday salary of $3,550.00 to get the commission amount. Then, dividing this commission amount by his total sales of $35,000.00 and multiplying by 100 yields a commission rate of 5%.

Step-by-step explanation:

To calculate the commission rate paid to Dane, we first need to determine the amount of commission he earned. Since Dane's salary is $1,800.00 per day, and his total salary for Friday was $3,550.00, we subtract his daily salary from his total salary to find the commission amount.

Total Commission = Total Salary - Base Salary = $3,550.00 - $1,800.00 = $1,750.00

Now, we can calculate the commission rate. Dane's total sales for Friday were $35,000.00. The commission rate is the commission amount divided by total sales.

Commission Rate = (Total Commission / Total Sales) × 100% = ($1,750.00 / $35,000.00) × 100% = 0.05 × 100% = 5%

Dane's commission was paid at a rate of 5%.