Greg earns $850.00 per week plus 4% of net sales over $15,000.00. Greg's sales were $19,950.00 and his returns were $875.00. How much did Greg earn?
Greg earns $850.00 per week plus 4% of net sales over $15,000.00.
Greg's sales were $19,950.00 and his returns were $875.00.
How much did Greg earn?
19,950 – 875 = 19,075 (net)
Earned = 850 + (0.04)(19,075 – 15,000)
= 850 + (0.04)(4075)
= 850 + 163
= 1013
.
