Here's part of a question I don't understand. Could you help me on understanding how "commissions" comes in? "Determine how much money you would earn this week (including your 5% commission) before taxes are taken out. Assume that you have $7,000 in sales (commission comes from this number)."  Assumed 40 hours/week worked Gets paid $8.50/hour plus 5% commission on sales Thank you!

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
icon
Related questions
icon
Concept explainers
Topic Video
Question
100%

Here's part of a question I don't understand. Could you help me on understanding how "commissions" comes in?

"Determine how much money you would earn this week (including your 5% commission) before taxes are taken out. Assume that you have $7,000 in sales (commission comes from this number)." 

Assumed 40 hours/week worked

Gets paid $8.50/hour plus 5% commission on sales

Thank you!

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College