Answer: $15,000
Step-by-step explanation:
Given the following :
Percentage earned as commission = 20% of profit.
What is Graydon’s gross pay for the month.
Sales for the month = $350,000
Profit on sales for the month = $75,000
Graydon’s earning is 20% of the profit made :
Hence, Graydon's gross pay for the month :
20% of $75,000
= 0.2 × $75,000
= $15,000
Graydon’s gross pay for the month is $15,000
