SOLUTION: Jason gross pay for august is $3296.97 on sales totalling $151342. If his base salary is $1500 per month,what is his rate of commission on sales exceeding his monthly quota of $100

Question 1201310: Jason gross pay for august is $3296.97 on sales totalling $151342. If his base salary is $1500 per month,what is his rate of commission on sales exceeding his monthly quota of $100000?
Answer by ikleyn(52786) (Show Source): You can put this solution on YOUR website!
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Jason gross pay for august is $3296.97 on sales totalling $151342.
If his base salary is $1500 per month, what is his rate of commission on sales
exceeding his monthly quota of $100000?
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Our equation from the problem is

    3296.97 - 1500 = r*(151342-100000),


where "r" is the unknown rate expressed as decimal.


From the equation, you find r

    r = .


Now use your calculator and get

    r = 0.035  as the decimal  or  r = 3.5%  as percentage.

Solved, with all necessary explanations.

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This problem is not something outstanding - it is usual routine.

All that it requires for the solution is understanding
the meaning of the terms from the everyday life.

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