A Publishing Company pays its salespeople a weekly salary plus a 2% commission o
ID: 2704072 • Letter: A
Question
A Publishing Company pays its salespeople a weekly salary plus a 2% commission on all net sales over $5,000 (no commission on returned goods):
Complete the following table (Round your answers to 2 decimal places. Omit the "$" sign in your response.):
A Publishing Company pays its salespeople a weekly salary plus a 2% commission on all net sales over $5,000 (no commission on returned goods):
Complete the following table (Round your answers to 2 decimal places. Omit the "$" sign in your response.):
Explanation / Answer
Solution :-
Net sale = Gross sale - Return.
= 8000 - 25
= $ 7975.
Commission sales = Net sales over $ 5,000.
= 7975 - 5000
= $ 2975.
Total commission = Commission sales * 2 %.
= 2975 * 2 %
= $ 59.50
Total wage = Total commission + Regular wage
= 59.50 + 250
= $ 309.50
Employee Gross sale Return Net sales Given quota Commission sales Commission rate Total commission Regular wage Total wage Ring 8000 25 7975 5000 2975 2 % 59.50 250 309.50