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artcher [175]
3 years ago
8

A salesperson earns a weekly salary of $600 plus a commission of 1 percent of sales over $2,000. If he earned $650 in a certain

week, what was the amount of his sales?
Business
1 answer:
scoundrel [369]3 years ago
3 0

Answer:

$ 7000

Explanation:

Given data;

Weekly salary of the salesperson = $ 600

Commission earned = 1 % on the sales over $ 2000

The amount earned by the salesman in the week = $ 650

Thus, the commission received = $ 650 - $ 600 = $ 50

Now,

let the amount over $ 2000 for which the commission of $ 50 paid be 'x'

therefore,

1 % of x = $ 50

or

0.01x = $ 50

or

x = $ 5000

Hence, the total sales was of $ 2000 + $ 5000 = $ 7000

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6 0
1 year ago
On March 31, 2021, Top Notch Goods committed to a plan to sell machinery equipment. The machinery equipment was available for im
Vladimir [108]

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2 years ago
. Eric has another​ get-rich-quick idea, but needs funding to support it. He chooses an​ all-debt funding scenario. He will borr
Sergio039 [100]

Answer:

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The weighted average cost of capital (WACC) can be estimated as the summation of the products of the weight of each loan in the total loan and their interest rate for this question as follows:

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7 0
3 years ago
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liberstina [14]

Answer:

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Small batch and Unit production -

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6 0
3 years ago
Janice has two sons, Jerry and Barry. Janice is responsible for picking out what cereal Jerry and Barry will eat. Her husband, H
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