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Joshua is employed to sell earth moving equipment to construction companies.he is paid an annual salary of $22400 plus a commission of 11% on all sales in excess of 440000.Calculate his average fortnightly pay for a year when he sells 469300 worth of equipment.

 Feb 21, 2016
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11% of ($469300 - $440000) is $(11/100)*29300 = $3223

 

Total income for the year is $22400 + $3223 = $25623

 

There are 26 fortnights in a year so average fortnightly pay is $25623/26 = $985.50

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 Feb 21, 2016

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