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