Asked by Julian Torres on May 15, 2024
Verified
David is a salesman for a local Ford dealership.He is paid a percent of the profit the dealership makes on each car.If the profit is under $800,the commission is 25%.If the profit is at least $800 and less than $1,000,the commission rate is 27.5% of the profit.If the profit is $1,000 or more,the rate is 30% of the profit.Find the difference between the commission paid if David sells a car for a $1,000 profit and the commission paid if he sells a car for a $799 profit?
Dealership
A business authorized to sell a particular manufacturer's products, commonly used in the context of car sales.
Commission Rate
A percentage or fixed amount added to the cost of a transaction or service, typically paid to a salesperson or agent for their services.
- Compute earnings and commissions derived from sales and performance indicators.
Verified Answer
JD
Learning Objectives
- Compute earnings and commissions derived from sales and performance indicators.