Problema Solution
A dealer paid $10000 for a boat at an auction. At the dealership, a salesperson sold the boat for 30% more than the auction price. The salesperson received a commission of 25% of the difference between the auction price and dealership price. What was the salespersons commission?
Answer provided by our tutors
The difference between the auction price and dealership price is:
0.30*10000 = $3,000
25% of $3,000 is 0.25*3,000 = $750
The salesperson's commission was $750.