Question

wendy earns a 7 and 5/8% commission on her total sales, She had a total of $10,524.68 in sales. How much commission did Wendy earn?

Answer 1

Answer:

The amount of commission earned by Wendy is $6,577.93

Step-by-step explanation:

Commissions can be described as a type of variable remuneration that is paid to an employee based on the value of services rendered or products sold.

Commission is calculated by multiplying the commission rate by the value of services rendered or products sold.

From the question, we have:

Fixed earnings = $7

Commission rate = 5/8% = 0.625%

Total sales = $10,524.68

Amount of commission = Commission rate *  Total sales = 0.625% * $10,524.68 = $6,577.93

Therefore, the amount of commission earned by Wendy is $6,577.93.

Note that the fixed earning of $7 will be earned by Wendy whether she made sales or not. Therefore, the fixed earning is not part of the commission and should not be added to the commission.