Sales
September-60,000
October-60,000
Novemver-65,000
Decemver-68,000
The staffs are paid commission of 5% on all montly sales exceeding $60,000. The commission is paid following month
The commission is paid following months November and December.
To calculate the commission for each month, you need to determine the sales amount that exceeds $60,000 and then multiply it by the commission rate of 5%. Here's how you can calculate the commission for each month:
September:
Sales = $60,000
Since the sales amount does not exceed $60,000, there is no commission for this month.
October:
Sales = $60,000
Again, the sales amount does not exceed $60,000, so there is no commission for this month as well.
November:
Sales = $65,000
The sales amount exceeds $60,000 by $5,000 ($65,000 - $60,000).
Commission = $5,000 * 5% = $250
December:
Sales = $68,000
The sales amount exceeds $60,000 by $8,000 ($68,000 - $60,000).
Commission = $8,000 * 5% = $400
Therefore, the commission for November is $250 and the commission for December is $400.