Question

Gross Income 3 Ted gets paid a monthly salary of $5,000 and receives 6% commission on all sales over $8000. 1 point Which of the following is an equation that can be gross income? y = 5000+ 6(x - 8000) y = 5000+.06 (x - 8000) y = 8000 +.06 (x - 5000) O y = 5000+.06 (8000 - 2) Previous 3 4

Answer 1

Given that,

base salary = b = 5000$

Comission rate = 6% = 0.06

Let's say, the sales are = x

As given in the question, he receives 6% commission on all sales over $8000.

Hence, the commissionable amount is (x - 8000) '.' x - 8000 shows the amount greater than 8000, which receives a commission.

hence, gross income will be

base salary + commission * (commisonable amount)

=> 5000 + 0.06 * (x - 8000)