Question

Stephen is an auctioneer. He earns 8.25% commission for all his daily sales, plus a 1% commission on any sales over $10,000. What was his daily total pay on a day when he sold $12,675 worth of items?

Answer 1

Stephen earns a total daily pay of $1,071.94, which includes a base commission of $1,045.19 on his total daily sales and an additional commission of $26.75 for sales exceeding $10,000.

Step-by-step explanation:

The question involves calculating the commission earned by an auctioneer named Stephen. To find his total daily pay based on his sales and commission rates, we follow these steps:

Base Commission = $12,675 * 0.0825 = $1,045.19

Additional Commission (on amount over $10,000) = ($12,675 - $10,000) * 0.01 = $26.75

Total Daily Pay = Base Commission + Additional Commission = $1,045.19 + $26.75 = $1,071.94