Foremost Fish Market pays a straight commission of 18% on gross sales, divided equally among the three employees working the counter. If Foremost sold $22,350 in seafood last week, how much was each counter employee’s total gross pay from this?
22,350 * 0.06 = ?
1341
To find the total gross pay for each counter employee, we will follow these steps:
Step 1: Calculate the total commission amount.
Commission = Gross Sales * Commission Rate
Commission = $22,350 * 0.18
Commission = $4,023
Step 2: Divide the total commission equally among the three employees.
Each employee's commission = Total Commission / Number of Employees
Each employee's commission = $4,023 / 3
Each employee's commission ≈ $1,341
Each counter employee's total gross pay from the seafood sales last week would be approximately $1,341.
To find each counter employee's total gross pay, we need to follow these steps:
Step 1: Calculate the total commission earned on gross sales.
Multiply the gross sales ($22,350) by the commission rate (18%) to find the total commission earned:
Total commission = $22,350 * 0.18 = $4,023.
Step 2: Determine the commission for each employee.
Since the commission is divided equally among the three employees, divide the total commission by the number of employees (3) to find the commission for each employee:
Commission per employee = $4,023 / 3 = $1,341.
Therefore, each counter employee's total gross pay from selling seafood last week would be $1,341.