eric is a corporate account manager at a company that sells furniture to other businesses. he receives a…

eric is a corporate account manager at a company that sells furniture to other businesses. he receives a monthly salary of $2,052 plus commission on any new sales that he makes as part of his daily interactions with his customers. if erics sales were $57,000 last month and he earned $3,164, what is his commission rate? commission rate: % please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places

eric is a corporate account manager at a company that sells furniture to other businesses. he receives a monthly salary of $2,052 plus commission on any new sales that he makes as part of his daily interactions with his customers. if erics sales were $57,000 last month and he earned $3,164, what is his commission rate? commission rate: % please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places

Answer

Explanation:

Step1: Find the commission amount

Let the commission amount be $C$. We know that total earnings = salary+commission. So, $C = 3164 - 2052$. $C=3164 - 2052=1112$

Step2: Calculate the commission rate

Let the commission rate be $r$. We know that commission $C$ is a percentage of sales $S$. Here, $S = 57000$. The formula for commission is $C=r\times S$. So, $r=\frac{C}{S}\times100$. $r=\frac{1112}{57000}\times 100=\frac{111200}{57000}\approx 1.95$

Answer:

$1.95%$