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You have a monthly salary of $1,500 and earn 6.5% commission on your sales. If you had $53,000 in sales last month, what were your total earnings for the month

Answer :

Lanuel

Your total earnings for the month is $3595.

Given the following data:

  • Monthly salary = $1,500
  • Commission = 6.5%
  • Sales = $53,000

To find your total earnings for the month;

First of all, we would determine the amount earned with a commission of 6.5%;

[tex]Amount \; earned = Commission[/tex] × [tex]\frac{6.5}{100}[/tex]

[tex]Amount \; earned = 53000[/tex] × [tex]\frac{6.5}{100}[/tex]

[tex]Amount \; earned = 53000[/tex] × [tex]0.065[/tex]

Amount earned = $3445

Next, we would solve for the total earnings for the month;

[tex]Total \; earnings = Monthly \; salary + Amount \; earned\\\\Total \; earnings = 1500 + 3445[/tex]

Total earnings = $3595

Therefore, your total earnings for the month is $3595.

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