Question

​Erik earns a 4% commission on each car he sells. A car listed at $39,499 sold for $36,800.

A. How much was Erik’s commission? Round your answer to the nearest cent. Erik's Commission =
B. How much commission did Erik lose by not selling the car at the original listed price? Round your answers to the nearest cent.
Commission Lost =

Answer 1

Erik's commission for selling the car at $36,800 is $1,472.00. The commission lost due to the lower sale price from the original $39,499 listing is $107.96.

Step-by-step explanation:

To find Erik's commission for selling a car for $36,800 at a 4% commission rate, you would use the following calculation:

Erik's Commission = Selling Price × Commission Rate

Erik's Commission = $36,800 × 0.04 = $1,472.00

Therefore, Erik's commission is $1,472.00.

Now, to determine the commission lost by selling the car for less than the original listed price, we calculate the commission at the original price and then subtract the commission earned at the selling price:

Commission at Listed Price = Original Price × Commission Rate

Commission at Listed Price = $39,499 × 0.04 = $1,579.96

Commission Lost = Commission at Listed Price - Commission at Selling Price

Commission Lost = $1,579.96 - $1,472.00 = $107.96

The commission Erik lost by not selling the car at the listed price is $107.96.

Answer 2

Step-by-step explanation:

​Erik earns a 4% commission on each car he sells. A car listed at $39,499 sold for $36,800.

A. How much was Erik’s commission? Round your answer to the nearest cent.

4% = 0.04

36,800 * 0.04 = $1,472

Erik's Commission = $1,472

________________________________________

B. How much commission did Erik lose by not selling the car at the original listed price? Round your answers to the nearest cent.

would have made: 39,499 * 0.04 = $1,579.96

$1,579.96 - $1,472 = $107.96

Commission Lost = $107.96