Complete Question goes thus
Lin is shopping for a couch with her dad and heard him ask the salesperson “how much is your commission?” The salesperson says that her commission is 5½% of the selling price.
A.How much commission will the salesperson earn by selling a couch for $495?
B.How much money will the store get from the sale of the couch?
Answer:
a. The total commission is $27.28
b. The store will get $468.72 from the sale of the couch
Step-by-step explanation:
a.
Commission can be referred to as the reward given by the company on goods for the employee to sell products in order to make more sales and more money.
Commission is calculated as follows:
Total commission = Total Sales * Commission Percentage
Given
Total Sales = $495
Commission Percentage = 5½%
Substitute in, the above values
Total Commission = $496 * 5½%
Total Commission = $496 * 5.5%
Total Commission = $496 * 0.055
Total Commission = $27.28
Hence, the total commission is calculated as $27.28
b. The amount remitted to the store is calculated as
Amount = Total Sales - Total Commission
Where Total Sales = $496
Total Commission = $27.28
Amount = $496 - $27.28
Amount = $468.72
Hence, the store will get $468.72 from the sale of the couch
