A car salesperson earns 12.5% commission on every car sold. The salesperson sold a car for $17,500.What is the commission earned from the sale? Round your answer to the nearest cent.
Answers
If car salesperson earns 12.5% commission on every car sold. The salesperson sold a car for $17,500. Then 2187.5 is commission earned from the sale
What is Percentage?
percentage, a relative value indicating hundredth parts of any quantity.
Given,
A car salesperson earns 12.5% commission on every car sold.
The salesperson sold a car for $17,500.
We need to find the commission earned from the sale.
12.5% is to be converted to decimal by dividing with 100.
12.5%=12.5/100=0.125
Now multiply 0.125 with 17500 to find what is 12.5% of 17500
0.125×17500
Two thousand one hundred eighty seven point five
2187.5
Hence 2187.5 is the commission earned by the sale person for selling 17500 car.
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To solve an equation like this, make all the percentages into decimals:
-.30
-.25
Now, take 750$ and multiply it by .30 = 225$
Do the same with .25 % = 187.50
Now add the two variables together, and subtract from 750 $
The author will take home = 337.5
50% = $375.00
5% = $37.50
55% = $417.50.
Now we take 55% away from 45% (the ammount she is taking home) which is $332.50