Question

A man is paid on a salary plus commission basis he receives 277 weekly and salary and a commission based on 5% of all weekly sales over $2020 if he sold $7823 and merchandise in one week find his gross earnings for the week

Answer 1

The man's gross earnings for the week are $567.15.

Step-by-step explanation:

Calculate the amount of sales that exceeds $2020:

$7823 - $2020 = $5803

Calculate the commission based on 5% of the sales exceeding $2020:

Commission = 5% of $5803

= (5/100) * $5803

= $290.15

Calculate the gross earnings for the week by adding the salary and commission:

Gross earnings = Salary + Commission

= $277 + $290.15

= $567.15

Answer 2

Answer: Therefore, the man's gross earnings for the week amount to $567.15.

Explanation: To calculate the man's gross earnings for the week, we need to consider both his salary and commission based on his sales.

First, let's calculate the commission he earned based on his sales:

Sales = $7823

Commission rate = 5%

Minimum sales threshold for commission = $2020

Commission earned = (Sales - Minimum sales threshold) * Commission rate

= ($7823 - $2020) * 0.05

= $5803 * 0.05

= $290.15

Next, let's calculate his total gross earnings by adding his salary and commission:

Salary = $277

Gross earnings = Salary + Commission earned

= $277 + $290.15

= $567.15