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3. Daniel is a very good television salesperson. His annual sales average at $187,400. His

commission on sales is 30% and his annual base salary is $40,000. On average what is his
annual gross income?

User Sanbornc
by
5.6k points

1 Answer

1 vote

Answer:

$96,220

Explanation:

Daniel is a very good sales person

His annual sales average is $187,400

His commission on sales is 30%

= 30/100

= 0.3

His annual base salary is $40,000

Therefore, Daniel's annual gross income can be calculated as follows

Annual gross income= Annual base salary + Commission on sales

= $40,000 + (30/100 × $187,400)

= $40,000 + 0.3×$187,400

= $40,000+$56,220

= $96,220

Hence Daniel's annual gross income is $96,220

User LeMiz
by
6.0k points