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A sales rep for roofing materials figures he can generate about in business annually. What rate of commission does he need in order to earn ?
The sales rep needs to be paid a commission rate of in order to earn .
(Round to one decimal place as needed.)

Ask by Fitzgerald Ortega. in the United States
Jan 11,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

The sales rep needs a commission rate of 2.4% to earn $40,000 from $1,700,000 in annual business.

Solution

To determine the necessary commission rate for the sales representative to earn $40,000 from $1,700,000 in annual business, follow these steps:
  1. Understand the Formula:
  2. Plug in the Values:
  3. Calculate:
  4. Round to One Decimal Place:
Answer:
The sales rep needs to be paid a commission rate of 2.4 %.

Answered by UpStudy AI and reviewed by a Professional Tutor

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Simplify this solution

The Deep Dive

To find the commission rate necessary for the sales rep to earn from in business, we can use the formula:
Plugging in the numbers:
Rounding to one decimal place, the commission rate needed is approximately .
So, the sales rep needs to be paid a commission rate of in order to earn .

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