Question

Graydon Creed sales cars at Sabre Motors and earns a 20% profit commission. His sales for

the month are $350000. The profit earned on the sales for the month was $75,000. What is

Graydon’s gross pay for the month.Graydon Creed sales cars at Sabre Motors and earns a 20% profit commission. His sales for

the month are $350000. The profit earned on the sales for the month was $75,000. What is

Graydon’s gross pay for the month.

Answer 1

Answer: $15,000

Explanation:

Given the following :

Percentage earned as commission = 20% of profit.

What is Graydon’s gross pay for the month.

Sales for the month = $350,000

Profit on sales for the month = $75,000

Graydon’s earning is 20% of the profit made :

Hence, Graydon's gross pay for the month :

20% of $75,000

= 0.2 × $75,000

= $15,000

Graydon’s gross pay for the month is $15,000