Question

Mary earns $28,000 a year. One week she grossed $658.00. She had sold $1673.19 worth of merchandise. what is the rate of her commission?

Answer 1

Answer:

Her commission rate is 7.44%

Step-by-step explanation:

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%