Please help me to solve this:
Bob recieves a 5% commission on every sale he makes. On the sale of a $60
coat (before any discounts),how many more cents will he recieve if his commission is based on the original price of the coat rather than the price of the coat after a 20% discount?
2006-08-23 13:20:23 · 8 answers · asked by Anonymous in Education & Reference ➔ Primary & Secondary Education
60 X .20 = 12.00
60 - 12.00 = 48.00
60 X .05 = 3.00
48 X .05 = 2.40
3.00 - 2.40 = .60
I took the time to explain it so you can do it yourself next time.
2006-08-23 13:30:31 · answer #1 · answered by lcmcpa 7 · 0⤊ 0⤋
To calculate the commission on the original price of the coat:
Commission Factor = Commission Percentage / 100
Commission = Price * Commission Factor
To calculate the new price:
New Price = Old Price - (Old Price * Discount Factor)
Discount Factor = Discount Percentage / 100
2006-08-23 20:57:46 · answer #2 · answered by Kevin F 3 · 0⤊ 0⤋
Commission = .05 of every sale
$60 x .05 = 3
$60 x .20 = 12
$60 - 12 = 48
$48 x .05 = 2.4
3 - 2.4 = 0.6
He will receive 60 cents more
2006-08-23 21:31:50 · answer #3 · answered by justcallme-crazy 2 · 0⤊ 0⤋
60 cents
2006-08-23 20:31:24 · answer #4 · answered by seanroyce 3 · 0⤊ 0⤋
60*.05=$3 commission
48*.05=$2.40
Difference is 60 cents.
2006-08-23 20:28:01 · answer #5 · answered by newsgirlinos2 5 · 0⤊ 0⤋
20% more. Genius.
2006-08-23 20:27:24 · answer #6 · answered by BRYAN w/a Y 3 · 0⤊ 0⤋
60c
2006-08-23 20:25:00 · answer #7 · answered by Bethany 7 · 0⤊ 0⤋
Hey you're suppose to do your own homework!!!!!!!!!
2006-08-23 20:22:03 · answer #8 · answered by Totoru 5 · 0⤊ 0⤋