Harjap is a salesperson at an electronic store earning a base salary of $420 per week. She also earns 2.0% commission on sales each month. This month she had $131600 in sales. What was harjaps gross income for this month?
Calculate Monthly Gross Income:
Gross Income = Monthly Base Salary + Commissions
Calculate Monthly Base Salary:
Monthly Base Salary = Weekly Base Salary * 4
Monthly Base Salary = $420 * 4
Monthly Base Salary = $1,680
Calculate Commissions:
Commissions = Sales * Commission Percent
Commissions = $131,600 * 2%
Since 2% as a decimal is 0.02, we have:
Commissions = $131,600 * 0.02
Commissions = $2,632
Calculate Monthly Gross Income:
Gross Income = Monthly Base Salary + Commissions
Gross Income = $1,680 + $2632
Gross Income = $4,312
Calculate Monthly Gross Income:
Gross Income = Monthly Base Salary + Commissions
Calculate Monthly Base Salary:
Monthly Base Salary = Weekly Base Salary * 4
Monthly Base Salary = $420 * 4
Monthly Base Salary = $1,680
Calculate Commissions:
Commissions = Sales * Commission Percent
Commissions = $131,600 * 2%
Since 2% as a decimal is 0.02, we have:
Commissions = $131,600 * 0.02
Commissions = $2,632
Calculate Monthly Gross Income:
Gross Income = Monthly Base Salary + Commissions
Gross Income = $1,680 + $2632
Gross Income = $4,312