Question

Ed sells cars at the local dealership. He earns 3.5% commission on all sales. What amount does he earn on a car that sold for $55,00? How many cars does he have to sell at this price to earn $6,000 commission?

Answer 1

-The amount he earns on a car that sold for $55,000 is $1,925.

-He has to sell 3.12 card to earn $6,000 comission.

Explanation:

To find the amount that he earns on a car that sold for $55,000, you have to calculate 3.5% of that amount:

$55,000*3.5%=$1,925

The amount he earns is $1,925.

Also, to find out the amount of cars he has to sell at this price to earn $6,000 commission, you have to consider that the amount Ed earns is equal to the total sales for the 3.5%, which is:

Comission=total sales*3.5%

The total sales would be equal to 55,000 for the number of cars and you can replace the comission with 6,000 and solve for the number of cars:

6,000=(55,000*number of cars)*0.035

6,000/0.035=55,000*number of cars

171,428/55,000=number of cars

number of cars=3.12

According to this, the answer is that Ed has to sell 3.12 card to earn $6,000 commission.