Question

Chloe works for an estate agent. Her monthly pay is made up of a salary of £1,600 and a bonus of £300 if she sells at least 2 properties. She is also paid 6% of the agency's annual profit at the end of the year. Last year the agency had an income of £436,000 and costs of £380,000. There were 4 months in which Chloe sold 2 or more properties. What was Chloe's total pay last year?

Answer 1

22,860

Explanation:

she makes 1600 per month x 12 months = 19,200

she sold more than 2 properties during the year so add 300

company profit = 436,000 - 380,000

= 56,000

6% of 56,000 = 3,360

add: 19,200 + 300 + 3360