Calculate Sales Commission on $23,999 Sale
Question:
At the green lot used car company, each salesperson revives a 6.5% commission. If a salesperson sells an automobile for 23,999, how much money did he make ion commission?
Answer:
To calculate the commission earned by a salesperson, you can use the following formula:
Commission = Sale Price x Commission Rate
Given:
Sale Price of the automobile: $23,999
Commission Rate: 6.5% (which is 0.065 in decimal form)
Steps to Calculate Commission:
1. Convert the commission rate to decimal: 6.5% = 0.065
2. Multiply the sale price by the commission rate: Commission = 23,999 x 0.065
Commission = 1,559.935
Commission Earned:
The salesperson earned $1,559.94 in commission. (Rounded to the nearest cent)
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