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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

What is the total gross pay for a salesperson on a straight commission of 4.7% if his or her sales volume is $123,200?

To determine

To calculate: The total gross pay for a salesperson, if his or her sales volume is $123,200 and rate of straight commission is 4.7%.

Explanation

Given Information:

The provided rate of straight commission is 4.7% and his or her sales volume is $123,200.

Formula used:

To calculate gross pay by straight commission:

Multiply the total sales and the commission rate,

Total gross pay=Total sales×Commission rate

Calculation:

Consider rate of straight commission and sales volume,

4

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