Manuel, a sales agent,h has a basic salary of $18 000 and a commission of 20%on a sales above $80 000.if this total sales is $290 000. How much is this total income
Huh?
Manuel
Manuel, a sale agent, has a basic salary of 18 000 and a commision of 5% on all sales above 75 000. If his basic salary is 13 500, what is his total sales?
To calculate Manuel's total income, we need to determine his commission based on the sales he made above $80,000 and add it to his basic salary.
Step 1: Calculate the sales amount above $80,000:
Total sales - Threshold sales = Sales amount above $80,000
$290,000 - $80,000 = $210,000
Step 2: Calculate the commission earned on the sales amount above $80,000:
Commission rate * Sales amount above $80,000 = Commission earned
20% * $210,000 = $42,000
Step 3: Calculate the total income:
Basic salary + Commission earned = Total income
$18,000 + $42,000 = $60,000
Therefore, Manuel's total income is $60,000.