Question

"Recognition Optics pays Gonzales a $1420 monthly salary plus a 6% commission on merchandise she sells each month. Assume Kim's sales were $83,200 Calculate the following amounts:

1.Amount of Commission 2.Gross Pay"

Answer 1

To calculate the commission, multiply the sales amount by the commission rate. To calculate the gross pay, add the monthly salary to the commission amount.

Step-by-step explanation:

To calculate the commission, we need to multiply the sales amount by the commission rate. In this case, the sales amount is $83,200 and the commission rate is 6%. So, the commission amount is:

Commission = Sales Amount * Commission Rate

Commission = $83,200 * 0.06

Commission = $4,992

To calculate the gross pay, we need to add the monthly salary to the commission amount. In this case, the monthly salary is $1,420 and the commission amount is $4,992. So, the gross pay is:

Gross Pay = Monthly Salary + Commission Amount

Gross Pay = $1,420 + $4,992

Gross Pay = $6,412