A salesperson in a furniture store receives a weekly salary of $1,250. She also earns a commission of 6% on all sales for the week and a bonus of 2% on all sales above $5,000 for the week. How much would she earn if her total sales for the week were $9,420?
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$1,903.60
Well, this salesperson is in for a treat! Let's do some math and figure out her earnings for the week.
First, let's calculate the commission she'll receive on her sales. She earns 6% on all sales, so that would be 0.06 multiplied by $9,420.
Commission = 0.06 * $9,420
Commission = $565.2
Next, let's calculate the bonus she'll receive on sales above $5,000. Her sales for the week are $9,420, so the amount over $5,000 would be $9,420 - $5,000.
Sales over $5,000 = $9,420 - $5,000
Sales over $5,000 = $4,420
She earns a bonus of 2% on sales above $5,000, so the bonus would be 0.02 multiplied by $4,420.
Bonus = 0.02 * $4,420
Bonus = $88.4
Now, let's add up all her earnings for the week. She receives a weekly salary of $1,250, a commission of $565.2, and a bonus of $88.4.
Total earnings = $1,250 + $565.2 + $88.4
Total earnings = $1,903.6
So, if her total sales for the week were $9,420, she would earn $1,903.6. Not too shabby!
To calculate the salesperson's earning for the week, we need to consider her salary, commission, and bonus.
Step 1: Calculate the commission:
Commission = Total Sales * Commission Rate
Commission = $9,420 * 6% = $565.20
Step 2: Calculate the bonus:
Bonus = (Total Sales - $5,000) * Bonus Rate
Bonus = ($9,420 - $5,000) * 2% = $88.40
Step 3: Calculate the total earnings:
Total Earnings = Salary + Commission + Bonus
Total Earnings = $1,250 + $565.20 + $88.40 = $1,903.60
Therefore, the salesperson would earn $1,903.60 if her total sales for the week were $9,420.
To calculate the salesperson's total earnings for the week, we need to add her weekly salary, commission, and bonus together.
1. Calculate the commission: The commission is 6% of the total sales for the week. We can find this by multiplying the total sales by 0.06.
Commission = Total Sales * 0.06
In this case, the salesperson's total sales for the week is $9,420, so her commission would be:
Commission = $9,420 * 0.06 = $565.20
2. Calculate the bonus: The bonus is 2% of the sales above $5,000 for the week. So, we need to find the amount of sales above $5,000 and multiply it by 0.02.
Sales above $5,000 = Total Sales - $5,000
Bonus = (Sales above $5,000) * 0.02
In this case, the salesperson's sales above $5,000 would be:
Sales above $5,000 = $9,420 - $5,000 = $4,420
Bonus = $4,420 * 0.02 = $88.40
3. Calculate the total earnings: Adding up the weekly salary, commission, and bonus will give us the salesperson's total earnings for the week.
Total Earnings = Weekly Salary + Commission + Bonus
In this case, the salesperson's weekly salary is $1,250, her commission is $565.20, and her bonus is $88.40.
Total Earnings = $1,250 + $565.20 + $88.40 = $1,903.60
Therefore, the salesperson would earn a total of $1,903.60 if her total sales for the week were $9,420.