Question

Jim Smith is a salesman who receives a $1,100 draw per week. He receives a 12% commission on all sales. Sales for Jim were $205,000 for the month. Assuming a four-week month. Jim's commission after the draw is

Answer 1

$29,000

Explanation:

Given:

Receivable draw per week= $11,00

Commission on all sales= 12%

Sale for the month= $205,000

weeks in a month= 4

Jim's commission after the draw=?

total draws= 11,00 (4)

= 44,00

Commission on the sale= 205000(0.12)

=24600

Jim's commission after the draw= 4400 +24600

=29,000 !