Thread: 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?

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?

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%

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