Luis works at a department store. He is paid a 5% commission rate on the final sale price of everything he sells. If a suit normally costs $120, but is currently on sale for 50% off, how much commission will Luis make on the sale?
Mathematics · Middle School · Mon Jan 18 2021
Answered on
Given the statement:
Luis works at a department store. He is paid a 5% commission rate on the final sale price of everything he sells.
Determine how much commission will Luis make on the sale if there is 50% off.
Solution:
We all know that 50% of 120 is simply its half.
= 120/2
= 60
Now we need to take 5% of 60 in order to determine the commission of Luis. To do so we simply needed to multiply 60 by the decimal value of 5%. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 5/100
=0.05
= ($60)(0.05)
= $3
Final answer:
Luis will earn $3.