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

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> 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      Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
.
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?
~~~~~~~~~~~~~~~~ 

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 = %283296.97+-+1500%29%2F%28151342-100000%29.


Now use your calculator and get

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

Solved, with all necessary explanations.

-----------------

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.