Question

Emily is a sales representative. She receives 7% commission on all sales. At the end of the year she receives a bonus of 5% of her commission. If Emily's sales for the year total $412,454, calculate: 1) 7% Commission on Sales 2) 5% Bonus on Commission 3) Total Gross Pay for the year 4) Monthly Income

Answer 1

start by calculating the 7% of all the sales

`\begin{gathered} \text{Comission}=(0.07)\cdot412,454 \\ \text{comission}=28,871.78 \end{gathered}`

Calculate the bonus from the comission

`\begin{gathered} \text{Bonus}=(28,871.78)\cdot(0.05) \\ \text{Bonus}=1,443.59 \end{gathered}`

The total gross pay will be the addition between the comission and bonus

`\begin{gathered} G.\text{ Income=28,871.78+1,443.59} \\ G\text{. income=30,315.37} \end{gathered}`

The monthly income will be the division between 12 months of the year

`\begin{gathered} \text{Monthly income} \\ (30,315.37)/(12)=2526.28 \end{gathered}`