In a certain company a salesman is paid a fixed salary for $3140 per month plus an annual commision of 2% on the TOTAL value of
cars sold for the year. If the salesman sold cars valued at $720000 in 2009 calculate:
(i) his fixed salary for the year
(ii) the amount he recieved in commision for the year
(iii) his TOTAL income for the year
1 answer:
Step-by-step explanation:
(i) 12 months × fixed salary
= 12 × 3140
= 37680 $
(ii) commission = total × 2%
= 720000 × 0.02
= 14400 $
(iii) fixed salary + commission
= 37680 + 14400 = 52080 $
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