Question

Find the requested information based on the given facts. Base: $54,300: Total Sales: $950,000; Commission: 2.75% Determine the total earnings.

Answer 1

Answer:

$871068.25

Step-by-step explanation:

Given the base of starting the business is $54300 and the total sale after the business is $950000.

Therefore, the profit of the business is $(950000-54300) = $895700.

Now, the commission has to be deducted from the profit at the rate of 2.75% of the profit.

Hence, total profit of the business is given by  

895700 [1 - $\frac{2.75}{100}$ ] = $871068.25 (Answer)