Commission based salary

• Jan 16th 2010, 02:42 PM
diehardmath4
Commission based salary
Jason's gross pay for August is \$3296.97 on sales totaling \$151 342. If his base salary is \$1500 per month, what is his rate of commission on sales exceeding his monthly quota of \$100 000?
• Jan 16th 2010, 02:50 PM
Jhevon
Quote:

Originally Posted by diehardmath4
Jason's gross pay for August is \$3296.97 on sales totaling \$151 342. If his base salary is \$1500 per month, what is his rate of commission on sales exceeding his monthly quota of \$100 000?

The portion of Jason's salary that comes from commissions is 3296.97 - 1500 = 1796.97

you objective is to find out what percentage of 51 342 is 1796.97. do you see why? can you finish up?
• Jan 16th 2010, 03:15 PM
diehardmath4
Jason's gross pay for August is \$3296.97 on sales totalling \$151 342. If his base salary is \$1500 per month, what is his rate of commission on sales exceeding his monthly quota of \$100 000?

151 342 - 100 000 = 51 342

3296.97 - 1500 = 1796.97

1796.97 / 51 342 = 0.035 or 3.5%
• Jan 16th 2010, 03:20 PM
Jhevon
Quote:

Originally Posted by diehardmath4
Jason's gross pay for August is \$3296.97 on sales totalling \$151 342. If his base salary is \$1500 per month, what is his rate of commission on sales exceeding his monthly quota of \$100 000?

151 342 - 100 000 = 51 342

3296.97 - 1500 = 1796.97

1796.97 / 51 342 = 0.035 or 3.5%

right on (Yes)