The weekly income of joe if he earns $250 per week plus 15% of his sales over $10,000 is $1,150.
<h3>Commission</h3>
This is a fee charged by an agent or broker for carrying out a transaction.
For instance, a reseller's commission:
The real-estate broker charged a four percent commission for their knowledge on bidding for commercial properties; for their intellectual perspective on making a formal offer and the strategy to obtain a mutually satisfying deal with the seller in favour of the buyer.
- Joe's base income weekly = $250
- Commission = 15% of sales over $10,000
- Total sales = $16,000
Sales over $10,000 = $16,000 - $10,000
= $6,000
Joe's weekly income = Joe's base income weekly + 15% of sales over $10,000
= $250 + (15% × 6,000)
= 250 + (0.15 × 6,000)
= 250 + 900
= $1,150
Therefore, the weekly income of joe if he earns $250 per week plus 15% of his sales over $10,000 is $1,150
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