Question

Mary earns $28 000 a year. One week she grossed $658. 0. She had sold $1673. 19 worth of merchandise. What is the rate of her commission?.

Answer 1

Her commission rate is 7.44%.

What is commission rate?

The payment that is either a fixed amount or a percentage of a sale is the commission rate. When they make a sale, people in commission-based professions like insurance brokers, real estate agents, and car salespeople are compensated.

The parameters given are;

The amount Mary earns annually = $28,000

The amount Mary grossed during a week = $658.00

The amount Mary had sold during the week to make the amount grossed during the week = $1673.19

Given that Mary makes $28,000 per year

Therefore;

The amount Mary earns per week = Amount earned per year/52

The amount Mary earns per week =  $28,000/52 = $538.46

The amount extra she made on commission = $658.00- $538.46= $119.54

The commission rate = Commission earned/(Amount of merchandise sold)×100

The commission rate = 119.54/1673.19 × 100 = 7.14%

Her commission rate = 7.44%

To learn more about commission rate visit:brainly.com/question/20987196

#SPJ4