Question

A salesperson submits a sales report containing the following information that the quick-serve restaurant supply business uses to determine compensation: $65,000 monthly sales, 15 total sales, and 90 appointments. If the business uses this information to determine compensation and the salespeople is paid 5% commission, what is the monthly compensation?

Answer 1

To calculate the monthly compensation for a salesperson paid a 5% commission on $65,000 in sales, you multiply the total sales by the commission rate, resulting in $3,250.

Step-by-step explanation:

The question asks how to calculate the monthly compensation for a salesperson who has a sales report of $65,000 in monthly sales. The salesperson is paid a 5% commission on these sales. To determine the monthly compensation from commissions, the following calculation is performed: $65,000 (monthly sales) × 0.05 (commission rate) = $3,250. Therefore, the salesperson's monthly compensation from commissions is $3,250.