An employee does not earn sales commission for the first $1000 of sales, but earns 15% sales commission on all sales made thereafter. The employee's daily sales were as follows this week: Monday - $800, Tuesday - $600, Wednesday - $1,300, Thursday - $800, and Friday - $800. How much sales commission did the employee earn this week?
Answers
Answer:
Step-by-step explanation:
An employee does not earn sales commission for the first $1000 of sales, but earns 15% sales commission on all sales made thereafter. The employee's daily sales were as follows this week: Monday - $800, Tuesday - $600, Wednesday - $1,300, Thursday - $800, and Friday - $800. How much sales commission did the employee earn this week?
Given: An employee does not earn sales commission for the first $1000 of sales, but earns 15% sales commission on all sales made thereafter. The employee's daily sales were as follows this week: Monday - $800, Tuesday - $600, Wednesday - $1,300, Thursday - $800, and Friday - $800.
To find: Sales commission the employee earned this week
Explanation: Sales on Monday= $800
Sales on Tuesday= $600
Sales on Wednesday= $1300
Sales on Thursday= $800
Sales on Friday= $800
Total sales during the week
= Sum of sales on all days of the week
= $800+$600+$1300+$800+$800
= $4300
It is given that he does not earn commission on first $1000 sales.
Therefore, money on which commission earned
= $4300-$1000
= $3300
Commission percentage= 15%
Commission earned on $3300
= 15% of $3300
= (15/100) × $3300
= 0.15 × $3300
= $495
Therefore, the employee earns $495 as sales commission during the week.