**Problem 7: Willis Vogal's Earnings Calculation**Willis Vogal works as a salesperson for Harvey's King-Size Clothes. He has two options for his pay:1. He is assured of $3.20 per hour.2. Alternatively, he can earn 2.5% of his total sales, depending on which is greater.During a biweekly pay period, Willis worked for 79 hours and made sales totaling $6,954.**Questions:**a. Calculate his total hourly earnings and the commission. b. Determine his gross pay.

Answered: 7. Willis Vogal sells for Harvey's…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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7. Willis Vogal sells for Harvey's King-Size Clothes. He is guaranteed $3.20 per hour or 2.5% of his total sales, whichever is greater. During a biweekly pay period, he worked 79 hours and had sales totaling $6954. a. Find his total hourly earnings and his commission. b. What was his gross pay?