Joe is paid a 4% commission on all his sales in addition to a $500 per month salary. In May, his sales were $100,235. How much money did he earn in May?
The commission and salary formula is:
Earnings = Salary + Commission Percent * Sales
Plugging in our numbers with 4% as 0.04, we get:
Earnings = 500 + 0.04 * 100235
Earnings = 500 + 4009.40
Earnings = 4,509.40
The commission and salary formula is:
Earnings = Salary + Commission Percent * Sales
Plugging in our numbers with 4% as 0.04, we get:
Earnings = 500 + 0.04 * 100235
Earnings = 500 + 4009.40
Earnings = 4,509.40