Question

PLEASEEE HELPPP. 20 points

In a certain company a salesman is paid a fixed salary for $3140 per month plus an annual commision of 2% on the TOTAL value of cars sold for the year. If the salesman sold cars valued at $720000 in 2009 calculate:
(i) his fixed salary for the year

(ii) the amount he recieved in commision for the year

(iii) his TOTAL income for the year​

Answer 1

i. $ 37,560

ii. $14,400

iii. $51,960

Explanation:

3130 x 12 = 37,560

2% of 720,000 = 14,400

14,400 + 37,560 = $51,960

Answer 2

(i) 3 140 × 12 = 37 680

(ii) 720 000 × 2% = 720 000 × 0.02 = 14 400

(iii) 37 680 + 14 400 = 52 080