If a teacher earns a 5% commission on initiation fees and ten students join a club with initiation fees of $20,000, what is the teacher's total impact for the year?

To find the total impact for the teacher in this scenario, we first calculate the total initiation fees collected from all ten students. Since each student pays an initiation fee of $20,000, we multiply the fee by the number of students:

Total initiation fees = $20,000 × 10 = $200,000.

Next, we determine the commission the teacher earns from these initiation fees. The teacher earns a 5% commission on the total collected fees. To find out how much this amounts to, we calculate 5% of the total initiation fees:

Commission earned = 5% of $200,000 = 0.05 × $200,000 = $10,000.

The total impact for the teacher includes both the initiation fees and the commission. In this case, while the initiation fees themselves are $200,000, the problem specifically asks for the teacher's total impact, which is understood to refer to the total amount generated from the fees (in this case effectively credited to their efforts) rather than the teacher's earnings. Hence, the total impact for the year would be reported as the total of the initiation fees, which is $200,000.

However, if the question seeks the final figure after considering the commission