Answer to Question #77449 in Financial Math for satnam singh

Question

Zachary's base salary is $1,450 per month and he gets paid commission on all sales that he makes over $20,000. Last month, he earned a total of $4,425 and made sales of $79,000.
a. What is the amount of sales eligible for commission?


b. What is the amount of commission earned last month?

c. What was his rate of commission?

Answer 1

a. $79,000-$20,000=$59,000
b. $4,425-$1,450=$2,975
c. $2975/$59,000*100%=5.04%