Anish earns a percentage of the amount of product he sells. This month he sold $2,458 in product. The percentage he earns is 6.5%.

Question

How much did Anish earn this month? Round your answer to the nearest cent.

$159.77

$378.15

$15.98

$37.82

Answer 1

To calculate how much Anish earned this month, you can use the formula:

\[ \text{Earnings} = \text{Sales} \times \text{Percentage} \]

In this case, Anish's sales are $2,458 and the percentage he earns is 6.5%.

First, convert the percentage from a percentage to a decimal:

\[ 6.5% = \frac{6.5}{100} = 0.065 \]

Now, multiply the sales by the decimal percentage:

\[ \text{Earnings} = 2,458 \times 0.065 \]

Calculating that gives:

\[ \text{Earnings} = 159.77 \]

Anish earned $159.77 this month.