A SALES PERSON RECEIVES $250 PER WEEK AND A 3% COMMISSION ON ALL SALES OVER $5000 IF HER WEEKLY SALES TOTAL IS $9525 WHAT ARE HER TOTAL EARNINGS
250 + (4525 * 0.03) = ?
385.75
To calculate the salesperson's total earnings, we need to consider both the base salary and the commission. Let's break it down step by step:
1. Base salary per week: $250
2. Calculate the sales amount that exceeds $5,000:
Weekly sales total - $5,000
$9,525 - $5,000 = $4,525
3. Calculate the commission on sales above $5,000:
Commission rate * Sales amount above $5,000
3% * $4,525 = $135.75
4. Add the commission to the base salary:
Base salary + Commission
$250 + $135.75 = $385.75
Therefore, the salesperson's total earnings for the week would be $385.75.