Answer to Question #219191 in Financial Math for Tina

Question

Mr Cele is a car salesperson and earns commission on what he sells. He sold a car for R133 500 and received a commission of R4 230,05.

3.2.1 How will you explain what commission is to learners?

3.2.2 Calculate the rate percent at which Mr Cele receives his commission.  

Answer 1

3.2.1A commission is the amount paid to an employee usually dependent on a proportion of total sales, so the more sales done, the more money the person takes home.

3.2.2

Mr.Cele's Commission will be calculated as follows ;

If R133, 500 =100%

R4 230.05=?

Rate percent =$\frac {100×4230.05}{133,500}=3.17\%$