Question

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​

Answer 1

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 $