Question

Nick sells data plans. He receives 7% commission on all sales. If his total sales for the year is $345,000 what would his commission be?

Answer 1

Nick's commission for the year on his total sales of $345,000 with a 7% commission rate would be $24,150.

Step-by-step explanation:

If Nick receives a 7% commission on his total sales of $345,000, you would calculate his commission by multiplying 0.07 (which is 7% expressed as a decimal) by $345,000.

So, the calculation for the commission would be:

Commission = Total Sales × Commission Rate
Commission = $345,000 × 0.07
Commission = $24,150

Therefore, Nick's commission for the year would be $24,150.