Question

Edison has a sales job and receives $45,448 as his annual pay, plus commission. His company pays him a commission of 15% on his total sales. If he makes sales of $25,000 in the first 3 months, how much will he be paid for those 3 months?

Answer 1

Answer:

Edison will be paid $15,112 for 3 months

Step-by-step explanation:

Edison receives an annual fixed pay = $45,448.

Monthly pay  = 45,448/12 = $3787.33

3-month salary = $3787.33 *3 = $11.362

Commission = 15%

Total sale = $25,000 for the first 3 months.

Commission amount = 25,000*0.15 = $3750

Therefore, total pay that Edison received during first 3 months= salary + commission

= $11,362 + $3750

= $15,112

Thank you.