Question

Daniel is a very good television salesperson. His annual sales average at $187,400. His commission on sales is 30% and his annual base salary is $40,000. On average what is his annual gross income?

Answer 1

Answer: $96,220

Explanation:

From the questionwe are we informed that Daniel is a very good television salesperson and that his annual sales average at $187,400 and his commission on sales is 30% while his annual base salary is $40,000.

His annual gross income will be his annual base salary plus commission annually. This will be:

= $40,000 + (30% × $187,400)

= $40,000 + (0.3 × $187,400)

= $40,000 + $56,220

= $96,220