Question

you earn 6.2% on cars you sell and 9% on extended warranties you sell. this month you sold 8 cars at an average od 32,500 per car and sold 8 extended warranties worth 41,600. how much did you earn this month

Answer 1

Answer:$263,744

To calculate your earnings this month, we need to determine the amount earned from selling cars and extended warranties separately, and then add them together.

1. The number of cars sold is 8, and the average price per car is $32,500. To find the total amount earned from selling cars, we multiply the number of cars by the average price: 8 * $32,500 = $260,000.

2. The number of extended warranties sold is also 8, and the total value of the warranties sold is $41,600.

3. To calculate the earnings from extended warranties, we multiply the total value by the percentage earned, which is 9% or 0.09: $41,600 * 0.09 = $3,744.

4. Now, we add the earnings from selling cars and extended warranties together: $260,000 + $3,744 = $263,744.

Therefore, you earned a total of $263,744 this month from selling cars and extended warranties.