Application of percent
Alice earns a monthly salary of $315 plus a commission on her total sales. Last month her total sales were $9640, and she earned a total of $1182.60.What is her commission rate?
1182.60 - 315 = 867.60
867.6 / 9640 = 0.09 = 9%
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To determine Alice's commission rate, we need to find the percentage of her total sales that she earned as commission. We can follow these steps:
Step 1: Calculate the commission earned by subtracting the base salary from the total earnings:
Commission = Total Earnings - Base Salary
In this case, Alice's base salary is $315 and her total earnings are $1182.60:
Commission = $1182.60 - $315
Commission = $867.60
Step 2: Calculate the commission rate as a percentage of the total sales:
Commission Rate = (Commission / Total Sales) * 100
Using the values we have:
Commission Rate = ($867.60 / $9640) * 100
Step 3: Perform the calculation to find the commission rate:
Commission Rate = 0.09001 * 100
Commission Rate = 9.001
Therefore, Alice's commission rate is approximately 9.001%.