If a hospital equipment salesperson receives a 12% commission, how much commission is paid on $16,000 of equipment?

Master the NLN PAX Mathematics 1 Exam with our comprehensive study guide and quizzes. Test your knowledge with multiple choice questions tailored for the PAX Math exam, featuring detailed explanations and tips to enhance your preparation and increase your chances of success.

Multiple Choice

If a hospital equipment salesperson receives a 12% commission, how much commission is paid on $16,000 of equipment?

Explanation:
Percent means parts per hundred, so a 12% commission is 0.12 of the sale. Multiply 16,000 by 0.12 to get 1,920. You can also see this by adding 10% (1,600) and 2% (320) totals, which again gives 1,920. The other numbers come from using different percentages or decimal placements (for example, 1,333.33 is about 8.33% of 16,000; 14,080 is 88% of 16,000; 17,920 is 112% of 16,000). Therefore the commission is 1,920.

Percent means parts per hundred, so a 12% commission is 0.12 of the sale. Multiply 16,000 by 0.12 to get 1,920. You can also see this by adding 10% (1,600) and 2% (320) totals, which again gives 1,920. The other numbers come from using different percentages or decimal placements (for example, 1,333.33 is about 8.33% of 16,000; 14,080 is 88% of 16,000; 17,920 is 112% of 16,000). Therefore the commission is 1,920.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy