Brady earns a base salary of $525 every week plus a 16% commission on his sales at a jewelry store. This week Brady has $2,000 in sales.How much money does Brady earn this week, including his commission?
Real Tutor Solution
Quick Answer
$845
Step-by-step Solution
- Calculate Brady's commission:
- Commission rate: 16%
- Sales amount: $2,000
- \(Commission= 0.16\times 2000= 320\)
- Add the base salary to the commission:
- Base salary:$525
- Commission: $320
\(Total earnings= 525+ 320= 845\)
Therefore, Brady earns$845 this week, including his commission.
Supplemental Knowledge
In algebra, linear equations often represent real-world scenarios such as calculating earnings based on a base salary plus commission. Understanding how to work with percentages is crucial for determining commissions, discounts, interest rates, and more.
From Concepts to Reality
Calculating earnings using both base salary and commission are typical in sales jobs such as real estate agents, car salespeople and retail employees. Knowing how to do this helps with budgeting and financial planning.
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