A salesperson at Salim Retail Inc. earns a base salary of $1,950 per month and a commission of 6.8% on the amount of sales. If the salesperson has a paycheck of $4,470 for one month, what was the amount of sales for the month?

A salesperson at Salim Retail Inc. earns a base salary of $1,950 per month and a commission of 6.8% on the amount of sales. If the salesperson has a paycheck of $4,470 for one month, what was the amount of sales for the month?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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Question

Financial accounting problem

A salesperson at Salim Retail Inc. earns a
base salary of $1,950 per month and a
commission of 6.8% on the amount of sales.
If the salesperson has a paycheck of $4,470
for one month, what was the amount of
sales for the month?

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