Question

Pedro makes a base monthly salary of $1500. As a vendor, he must sell $20000 worth of items per month. He also makes a 4% commission on all sales beyond the monthly quota. If Pedro sold $26000 worth of items this month, what is his total salary for the month including base salary and commission to the nearest dollar?

Answer 1

Answer:

$2540

Step-by-step explanation:

Given parameters:

  Base salary of Pedro = $1500

 Amount of commission on sales  = 4%

 Sales  = $26000

Unknown:

His total salary including base salary and commission  = ?

Solution:

His total salary;

  Total salary  = Base Salary + (percent on commission x sales)

 Total salary  = $1500 + ($\frac{4}{100}$ x $26000)

 Total salary  = $1500 + $1040

  Total salary  = $2540