Question

Jim Smith is a salesman who receives a $1,100 draw per week. He receives a 12 percent commission on all sales. Sales for Jim were $205,000 for the month. Assuming a 4-week month, Jim's commission after the draw is: ...?

Answer 1

Amount of salary drawn by Jim per week = $1100
Percentage of commission on sales received by Jim = 12%
Amount of sales done by Jim in a month = $205000
Amount of commission received by Jim in the month = (12/100) * 205000
= 24600 dollars
Total amount of money drawn by Jim = 4(1100) + 24600
= 4400 + 24600
= 29000 dollars.