Question

Columbia Mirror and Glass pays Patricia Cox a $2050 monthly salary plus a 15% % commission on merchandise she sells each month. Assume Patricia's sales were $84,300 for last month. Calculate the following amounts: 1. Amount of Commission: 2. Gross Pay:

Answer 1

To calculate the amount of commission and gross pay for Patricia Cox, we can follow these steps:

1. Amount of Commission:

The commission is calculated as a percentage of the merchandise sales. In this case, Patricia's commission rate is 15% of her sales.

Commission = 15% of $84,300

Commission = 0.15 * $84,300

Commission = $12,645

So, the amount of commission Patricia earned for last month is $12,645.

2. Gross Pay:

To calculate the gross pay, we need to add her monthly salary to the commission amount.

Gross Pay = Monthly Salary + Commission

Gross Pay = $2050 + $12,645

Gross Pay = $14,695

Therefore, Patricia's gross pay for last month is $14,695.