Melinda is paid 17000 per year. She is also paid a sales commission of 5% of the value of her sales. Last year she sold 344000 worth of products. What percent of her total income was her commission?
Calculate Melinda's commission:
344,000 * 0.05 = 17,200
Calculate her total income for the year
Total Income = Base Pay + Commission
Total Income = 17,000 + 17,200
Total Income = 34,200
Calculate the percent of her income which is commission:
Commission Income Percent = 100 * 17,200/34,200
Commission Income Percent = 100 * 0.5029
Commission Income Percent = 50.29%
Calculate Melinda's commission:
344,000 * 0.05 = 17,200
Calculate her total income for the year
Total Income = Base Pay + Commission
Total Income = 17,000 + 17,200
Total Income = 34,200
Calculate the percent of her income which is commission:
Commission Income Percent = 100 * 17,200/34,200
Commission Income Percent = 100 * 0.5029
Commission Income Percent = 50.29%