Piper works at a camera store. He is paid an hourly rate +16% commission on everything he sells. One week, he was paid $515 for working 20 hours and sewing 1500 worth of camera quit meant. What is his hourly rate?
Accepted Solution
A:
His hourly rate is $13.75.
Let x be the hourly rate. Since he works 20 hours that week, the hourly wages are given by 20x. We add to that his commission, which is 16% of the $1500 in sales, or 0.16(1500). This totals to 515:
20x + 0.16(1500) = 515 20x + 240 = 515
Subtract 240 from both sides: 20x + 240 - 240 = 515 - 240 20x = 275
Divide both sides by 20: 20x/20 = 275/20 x = 13.75.