Review for Quiz B. Commission, Sales Tax, Withholding Tax, Mental Math, & Estimating. A car sales associate sold a car for $22,450. If he earns 1.5% commission, how much was his commission?. Remember, Commission is the part the salesman keeps. . Method 2: Use an equation
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Review for Quiz B
Commission, Sales Tax, Withholding Tax, Mental Math, & Estimating
Remember, Commission is the part the salesman keeps.
Method 2: Use an equation
Commission = 1.5% (22450)
Total amount: $289 + 8.59 = $297.50
Tax: 0.06 (297.59)=17.8554 = $17.86
Total including tax= $315.36
Mike wants to earn $675 in interest on the $4500 he invested. If the account pays 5% simple interest, how long must he leave the money in the account?
I = prt
675 = 4500(.05)t
675 = 225t
3 = t