Question

Your current biweekly gross salary is $1,343.77. You also earn a 7% commission on your monthly sales. If last month you sold $34,000 of product, determine your last month’s gross salary pay. (Hint: Assume that there are two pay periods each month.)

Answer 1

Since the biweekly gross salary is $1,343.77, we multiply this value by 2 to determine the monthly gross salary. That is,
monthly gross salary = ($1343.77) x 2 = $2687.54
Then, add the 7% commission on sales amounting to $3,400.
commission = (0.07)($3,400) = $238
Adding up the salary and the commission to get the monthly gross pay.
pay = $2687.54 + $238 = $2925.54

Answer 2

$5067.54

Explanation:

Your current biweekly gross salary = $1,343.77

Monthly salary = $1,373.77 × 2 = $2,687.54

You also earn 7% commission on your monthly sales.

Last month the cost of your sold products = $34,000

you earned commission = 7% × 34,000

= 0.07 × 34,000

= $2,380

Your last month's gross salary pay = 2,687.54 + 2,380 = $5067.54

Your last month's gross salary pay was $5067.54.