SOLUTION: Tim is a car salesman and earns 5% of the price of the cars he sells. Last month, he sold 8 cars for a total of 152,558.75. Estimate the amount Tim earned last month.

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: Tim is a car salesman and earns 5% of the price of the cars he sells. Last month, he sold 8 cars for a total of 152,558.75. Estimate the amount Tim earned last month.      Log On


   

Question 1179212: Tim is a car salesman and earns 5% of the price of the cars he sells. Last month, he sold 8 cars for a total of 152,558.75. Estimate the amount Tim earned last month.
Answer by MathLover1(20850) About Me  (Show Source):
You can put this solution on YOUR website!

Tim is a car salesman and earns 5% of the price of the cars he sells.
if he last month sold 8+cars for a total of 152558.75, then Tim earned 5% of it which is 152558.75%2A0.05=7627.93