Question

A sales representative for a Children's Fashion store earns a salary of $1100.00 per month plus a commission based on the total sales. During the month of January, this sales representative's total sales were $8300.00 and was paid $2130.00. What is this sales representative's commission rate?
a.
14.30963855%

b.
11.10963855%

c.
13.60963855%

d.
12.40963855%

e.
14.60963855%

f.
None of the above.

Answer 1

Answer:

Option d. 12.40963855% is the answer.

Step-by-step explanation:

Monthly salary of a sales representative = $1,100

He was paid for the month = $2,300

His total sales were = $8,300

His commission for the month of sales = Total payment - monthly salary

                                                                 = 2,300 - 1,100

                                                                 = $1,030

He got $1,030 as commission on the sales of $8,300.

The percentage of the commission = $\frac{1030}{8300}\times 100$

                                                           = 12.40963855421687%

Option d. 12.40963855% is the answer.