Answer:
Step-by-step explanation:
The problem statement tells you how the wage is calculated. Make use of the described relationships and the given numbers.
Net sales = Gross sales - Returns
... = $8315 - 15 = $8300
Commission sales = Net sales - Given quota
... = $8300 -5000 = $3300
Total commission = Commission rate × Commission sales
... = 2% × $3300 = $66
Total wage = Total commission + Regular wage
... = $66 + 215 = $281
If a publishing company pays its salespeople a weekly salary plus a 2% commission on all net sales over $5,000 (no commission on returned goods) the net sales, commission sales, total commission and total wages will be :
1. Calculation for net sales using this formula
Net sales =Gross sales- Return
Let plug in the formula
[tex]Net\ sales=\$8,315-\$15\\ Net sales=\$8,300[/tex]
2. Calculation for Commission sales using this formula
Commission sales=Net sales- Given Quota
Let plug in the formula
[tex]Commission\ sales=\$8,300-\$5,000\\Commission\ sales=\$3,300[/tex]
3. Calculation for Total commission using this formula
Total commission=Commission sales× Commission percentage
Let plug in the formula
[tex]Total\ commission=\$3,300\times2\%\\Total\ commission=\$66[/tex]
4. Calculation for Total wages using this formula
Total wages=Total commission +Regular wages
Let plug in the formula
[tex]Total\ wages= \$66+\$215\\Total\ wages=\$281[/tex]
Inconclusion if a publishing company pays its salespeople a weekly salary plus a 2% commission on all net sales over $5,000 (no commission on returned goods) the net pay, commission sales, total commission and total wages will be :
Learn more here:
https://brainly.com/question/15195413
