Question

An insurance agent earns a base salary of 32,000 and commission of 3% of his sale he also receives an additional fee of $16.00 for each sale of a home policy. the agent has a total sales of $89,000 and 8 home policies this month. find his commission and fees earned?

Answer 1

In this case, we'll have to carry out several steps to find the solution.

Step 01:

Data:

base salary = $32,000

commission ==> 3% (sale)

fee = $16 (sale)

total sales = $89,000

home policies = 8

Step 02:

commission and fees:

3% = 0.03

commission = $89,000 * 0.03 = $2,670

home policies = 8

fees = $16 * 8 = $128

The answer is:

commission = $2,670

fees = $128