7th grade: A jewelry salesperson sells an engagement ring for $6200. They earn a
16% commission. How much money does
the salesperson keep? How much does
the company keep?

The salesperson keeps $992 and the company keeps $5208.

Step-by-step explanation:

All you have to do to find the amount the salesperson keeps is find 16% of $6200, so to do that first convert the percent to a decimal, so 16% = 0.16. Then, you just do 0.16 * 6200 = $992.

To find how much the company keeps, do the total amount - the amount for the salesperson, so 6200 - 992 = $5208.