Question

a car dealership pays you 5% commission on your first $10,000 on car sales and 8% commission on the sale amount over $10,000 if you sold a $12,000 car how much is your commission

Answer 1

$540

Explanation:

The first $10,000 in $12,000 earns a 5% commission:

0.05($10,000) = $500.

The remaining $2,000 earns an 8% commission:

0.08($500) = $40.

The total commission is thus $500 + $40, or $540.