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?
The correct answer and explanation is:
To calculate Brady’s earnings for the week, we need to add his base salary and the commission he earns from his sales.
Step 1: Calculate the commission
Brady earns a 16% commission on his sales. Given that his total sales this week are $2,000, we calculate the commission by multiplying the sales amount by the commission rate: Commission=2,000×16100=2,000×0.16=320\text{Commission} = 2,000 \times \frac{16}{100} = 2,000 \times 0.16 = 320
So, Brady’s commission from his sales is $320.
Step 2: Add the base salary
Brady earns a base salary of $525 each week, regardless of his sales. To find his total earnings, we add his base salary to his commission: Total earnings=525+320=845\text{Total earnings} = 525 + 320 = 845
Final Answer:
Brady will earn a total of $845 this week, including his base salary and commission.
Explanation:
This calculation involves two main components: the fixed base salary and the variable commission based on sales. The base salary remains constant at $525 each week, while the commission varies depending on how much Brady sells. By multiplying his sales amount by the commission percentage, we can determine how much he earns on top of his salary for the sales he made. The total amount is simply the sum of these two components.