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Tcecarenko [31]
4 years ago
7

Chet is a salesman whose base pay plus commissions amounted to $48,560 last year. If his base pay was $22,380 and he made $74,80

0 in sales last year, what was his rate of commission? A. 65% B. 35% C. 30% D. 46%
Mathematics
2 answers:
Nataliya [291]4 years ago
6 0
For APEX your answer would be 35%

ICE Princess25 [194]4 years ago
4 0

Answer:

B. 35%

Step-by-step explanation:

We have been given that Chet is a salesman whose base pay plus commissions amounted to $48,560 last year. His base pay was $22,380 and he made $74,800 in sales last year.

First of all, we will find amount of commission by subtracting base pay from total salary.

\text{Amount of commission}=\$48,560-\$22,380

\text{Amount of commission}=\$26,180

Since Chet sold $74,800 worth items, so we need to find $26,180 is what percent of $74,800.

\text{Rate of commission}=\frac{\$26,180}{\$74,800}\times 100

\text{Rate of commission}=0.35\times 100

\text{Rate of commission}=35\%

Therefore, option B is the correct choice.

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The prices of consumer goods do not always exactly follow the CPI. The following chart shows several consumer items, along with
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The reasonable estimate of the current customer price index is 195. The option B is the correct option.

<h3>Customer price index</h3>

Customer price index is the price index which measures the weight average of price of basket of customers goods or services.

It can be given as,

\rm CPI_t=\dfrac{C_t}{C_0}\times 100

Here \rm C_t is the cost of market basket in current period and \rm C_0 is the cost of market basket in the base period.

Cost of market basket in current period is

\rm C_t=15.66+119.75+23.99+37.50\\\\C_t=196.9

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\rm C_0=8.85+71.25+13.95+22.7\\\\C_0=116.8

Substitute all the values in the formula

\rm CPI_t=\dfrac{C_t}{C_0}\times 100\\\\\rm CPI_t=\dfrac{196.9}{116.8}\times 100\\\\\rm CPI_t=1.685\times 100 \\\\ CPI_t=168.5\\\\\rm CPI_t= 170 \ \rm approx

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Hence, the reasonable estimate of the current customer price index is 195. The option B is the correct option.

Learn more about the customer price index here;

brainly.com/question/25495502

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