Pedro makes a base monthly salary of $1500. As a vendor, he must sell $20000 worth of items per month. He also makes a 4% commis
1 answer:
Answer:
$2540
Step-by-step explanation:
Given parameters:
Base salary of Pedro = $1500
Amount of commission on sales = 4%
Sales = $26000
Unknown:
His total salary including base salary and commission = ?
Solution:
His total salary;
Total salary = Base Salary + (percent on commission x sales)
Total salary = $1500 + ( x $26000)
Total salary = $1500 + $1040
Total salary = $2540
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Answer:
$5225
Step-by-step explanation:
Use the formula for the amount after simple interest:
"A" is the final amount, or balance.
"P" is the principal, or the starting amount.
"r" is the rate of interest in decimal form.
"t" is the time.
What we know:
P = 5000
t = 3
r = 1.5%
Convert the rate to decimal form by dividing by 100, or moving the decimal place two places to the left.
1.5% => 0.015 = r
Substitute what we know into the formula:
A = P(1 + rt)
A = 5000(1 + (0.015)(3)) <=simplify
A = 5000(1 + 0.045)
A = 5000(1.045)
A = 5225 <= new balance
The new balance of an account is $5225.
Step-by-step explanation: