Question

HURRY PLEASE

If Jim works at Fire Fighting Equipment, has $25,000 in sales in one week, and as paid a weekly salary of $500 plus a commission of 1% on sales between $5,000 and $10,000, with 1.1% paid on sales in excess of $10,000, no commission is paid on the first $5,000, what are his gross earning?

Answer 1

Explanation:

Gross income= $813.61

Giving the following information:

Sales= $32,874

Fixed salary= $452

Commission= 1.1% paid on sales in excess of $25,000.

To calculate the gross income, we need to use the following formula:

Gross income= 452 + y*x

y= percentage comission

x= sales

For $32,874 sales:

Gross income= 452 + 0.011*32,874

Gross income= $813.61