Question 945850: a mulberry company pays all its sales repersentatives a base salary of $21,000.00 per annum and a commission on all jackets that they sell over $8500.00. If a sales representative salary last month was $3205.68 and his sales were $12,000.00, calculate the commission rate.
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! a mulberry company pays all its sales repersentatives a base salary of $21,000.00 per annum and a commission on all jackets that they sell over $8500.00. If a sales representative salary last month was $3205.68 and his sales were $12,000.00, calculate the commission rate.
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Equation::
Total Commission:: 3205.68-(21000/12) = $1455.68
Commissioned sales:: 12000-8500 = $3500
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3500x = 1455.68
Commission Rate:: x = 0.416 = 41.6%
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Cheers,
Stan H.
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