Answer:
1.5
Step-by-step explanation:
Answer:
$150012.84 or $150013 rounded
The growth factor is 1.07
Step-by-step explanation:
First create the equation:
y=1.07x+150,000
Then substitute:
y=1.07(12)+150,000
Calculate:
y=150012.84
Sue's total pay of year will have three parts
1) Fixed Salary for 12 months
one month salary = £1410
so 12 month salary = £1410 x 12 = £16920
2) 26% of total profit
Total cost to the company- £473,500
Total income for the company - £549,000
Profit = Total income for the company - Total cost to the company
= £549,000 - £473,500 = £75500
Sues income from profit = 26% of £75500 = (26 × 75500)/100 = £19630
3) Bonus if Sue sells at least 16 cars
Given number of months when sue solds atleast 16 cars = 4
So bonus income = 4 × 390 = £1560
Adding the three above parts
Sue's total pay for the year = £16920 + £19630 + £1560 = £38110
