+598 Karim works in a retail computer store. He receives a weekly base salary of $400 plus a commission of 3% of sales exceeding his quota of $25,000 per week. What are his total sales for a week in which he earns $730.38? Answer to the nearest cent.
Any help would be appreciated, thanks, with calculations
Karim works in a retail computer store. He receives a weekly base salary of $400 plus a commission of 3% of sales exceeding his quota of $25,000 per week. What are his total sales for a week in which he earns $730.38? Answer to the nearest cent.
Any help would be appreciated, thanks, with calculations
$730.38 - $400.00=$330.38 This is karim's commission in a week.
$330.38/3%=$11,012.67 This is the total sales on which he earned 3% commission, but he has a quota of $25,000 in sales before he gets any commission. Therefore, his total sales must be:
$25,000 + $11,012.67=$36,012.67 for 1 week.
