Mark earns $300 per month plus an additional 2% on all of his sales. Last month he sold $59,000. What was Mark's income for the month
Mathematics · Middle School · Mon Jan 18 2021
Answered on
Given the statement:
Mark earns $300 per month plus an additional 2% on all of his sales. Last month he sold $59,000.
Determine the income of Mark for the month.
Solution:
In order to determine Mark's income for the month, we simply take 2% of 59000 and add 300 coming from his monthly salary. Before we take the 2% of 59000, we must convert it first to decimal. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 2/10
= 0.02
= (0.02)($59,000)
= $1,180
Add 1180 and 300.
= $1,180 + $300
= $1,480
Final answer:
Mark's income for the month is $1,480