Question

A dealer paid $10,000 for a boat at an auction. At the dealership, a sales person sold the boat for 30% more than the auction price. The sales person receive a commission of 25% of the difference between the auction price and the dealership price. What was the sales persons commission

Answer 1

30% of 10,000 is 3,000, so the salesperson would have sold the boat for $13,000. The difference between the auction price and dealership price is 3,000. The commission is 25% of 3,000, which is $750.