Question

Ace autos sell cars and pay sue each month as follows

Answer 1

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