Question

Max is paid on a weekly commission basis .he is paid a base salary of $340 on a weekly quota $8000 and commission of 4.74% on sales in excess of quota.

If max sales for lastweek $11340 what wad his gross earning.
What was max average per hour earning in 35 hours

Answer 1

• $498.32

• $14.24

Explanation:

Max gross earning was:

• 340 + (11340 - 8000)*4.74/100 = $498.32 rounded to nearest cent

Average per hour:

• 498.32/35 = $14.24 rounded to nearest cent