edgar earns 200 dollars a week plus a 15% commission on all sales over 1,000 dollars.if edgar sells for one week or 2,500 dollars what is his gross pay for that one week.
200 + (0.15 * 1,500) = ?
200 + (0.15 * 2,500) = ?
No. He's only paid commission on sales over $1,000.
That is correct.
200 + [0.15 * (2,500-1,000)] = ?
To find Edgar's gross pay for one week, we need to calculate his base pay plus the commission he earns on sales over $1,000.
First, let's determine the commission amount. The commission is 15% of the sales beyond $1,000. In this case, Edgar sold $2,500, which means the sales over $1,000 would be $2,500 - $1,000 = $1,500.
To calculate the commission amount, we multiply the sales over $1,000 by the 15% commission rate: $1,500 * 0.15 = $225.
Now, let's calculate Edgar's gross pay by adding his base pay of $200 to the commission of $225. The gross pay for the week is $200 + $225 = $425.
Therefore, Edgar's gross pay for that one week would be $425.