Question

isiah copeland sells tennis equipment. he is guaranteed a minimum salary of $1,500 per month plus 5.75% of his total sales. what are isaiah's total sales for a month in which his gross pay was $2,075? group of answer choices

Answer 1

His total sales for a month in which his gross pay was $2,075 is $10000

What is Gross pay?

The sum of an individual's earnings before taxes or other deductions is their gross income, which is sometimes referred to as their gross pay on a paycheck. This covers earnings from all sources, not only work, and is not restricted to earnings in cash; it also covers earnings from the receipt of goods or services.

For businesses, the terms gross income, gross margin, and gross profit are equivalent. On the income statement, a company's gross income is calculated as total revenue less cost of goods sold (COGS).

A person's total income is made up of their earnings and salaries as well as additional sources of income such dividends, interest, pensions, and rental income.

A company's gross income is its total sales less its cost of products sold.

Total sales = (gross pay - minimum salary) / total sales

= ($2075 - $1500 ) / 5.75%

⇒ Total sales = $10000

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