Question

lamont cotton is 4% comission on the first 10,000 of monthly sales mens 10% on all sales over 10,000. last month his 38,00. what was his comission

Answer 1

Given:

Lamont cotton is 4% commission on the first 10,000 of monthly sales and 10% on all sales over 10,000.

Consider his last month sales is 38,000.

To find:

The total commission.

Solution:

4% commission on the first 10,000 of monthly sales is

`10,000(4)/(100)=400`

Sales over 10,000 is

`38,000-10,000=28,000`

10% commission on all sales over 10,000 is

`28,000* (10)/(100)=2,800`

Now, the total commission is

`400+2,800=3,200`

Therefore, the total commission is 3,200.