Question

A salesman earend a $325 salery this month. His total sales were $700. If the salesman earend a total of $360. What was his commission rate?

Answer 1

Commission rate= 5% of sales

Explanation:

Giving the following information:

Fixed salary= $325

Monthly salary= $360

Sales= $700

First, we need to calculate the commissions:

Commission= monthly salary - fixed salary

Commission= 360 - 325

Commission= $35

Now, the commission rate:

Commission= commission rate* sales

35 = commission rate*700

0.05= commission rate

commission rate= 5% of sales