QUESTION 10 of 10 : As a hotel salesperson you earn a commission of 3% on all sales. You are averaging sales of 150,000 per MONTH. What are your expected commissions for the YEAR? a) 3,000 b) 4,500 c) 6,000 d) 54,000

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QUESTION 10 of 10 : As a hotel salesperson you earn a commission of 3% on all sales. You are averaging sales of 150,000 per MONTH. What are your expected commissions for the YEAR? a) 3,000 b) 4,500 c) 6,000 d) 54,000

Answer 1

To calculate the expected commissions for the year, we need to first determine the monthly commission and then multiply it by the number of months in a year.Step 1: Calculate the monthly commission.The commission rate is $3\%$, and the average sales per month are $\$150,000$.The formula to calculate the commission is:\[\text{Commission} = \text{Commission Rate} \times \text{Sales}\]Let's calculate the monthly commission:\[\text{Monthly Commission} = 3\% \times \$150,000\]Convert the percentage to a decimal by dividing by 100:\[3\% = \frac{3}{100} = 0.03\]Now, multiply the decimal by the sales:\[\text{Monthly Commission} = 0.03 \times \$150,000\]\[\text{Monthly Commission} = \$4,500\]Step 2: Calculate the yearly commission.There are 12 months in a year, so we multiply the monthly commission by 12 to find the yearly commission.\[\text{Yearly Commission} = \text{Monthly Commission} \times 12\]\[\text{Yearly Commission} = \$4,500 \times 12\]\[\text{Yearly Commission} = \$54,000\]Therefore, the expected commissions for the year are $\$54,000$.The accurate answer is:d) $\$ 54,000$

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QUESTION 10 of 10 : As a hotel salesperson you earn a commission of 3% on all sales. You are averaging sales of 150,000 per MONTH. What are your expected commissions for the YEAR? a) 3,000 b) 4,500 c) 6,000 d) 54,000

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