Question

If Jim works at Fire Fighting Equipment, has $32,874 in sales in one week,

and as paid a weekly salary of $452 plus a commission of .9% on sales
between $15,000 and $25,000, with 1.1% paid on sales in excess of
$25,000, no commission is paid on the first $15,000, what is his gross
earning?

Answer 1

Gross income= $813.61
Explanation:
Giving the following information:
Sales= $32,874
Fixed salary= $452
Commission= 1.1% paid on sales in excess of $25,000.
To calculate the gross income, we need to use the following formula:
Gross income= 452 + y*x
y= percentage comission
x= sales
For $32,874 sales:
Gross income= 452 + 0.011*32,874
Gross income= $813.61