Question

A TV salesman will make 18% commission on the profit of every TV he sells. If the electronics store buys a TV for $600 and the salesman sells the TV for $899, how much is his commission?

Answer 1

Commission= $53.82

Explanation:

First, we need to calculate the gross profit of the sale:

Gross profit= sale price - total cost

Gross profit= 899 - 600

Gross profit= $299

Now, the commission made by the seller:

Commission= gross profit*commission rate

Commission= 299*0.28

Commission= $53.82