Isadore Mitchell. Clothing salesperson. Minimum weekly salary is $250, Rate of commission is 6%. Weekly sales are $2480. What is the commission? What is the gross pay?
Isadore Mitchell. Clothing salesperson. Minimum weekly salary is $250, Rate of commission is 6%. Weekly sales are $2480. What is the commission? What is the gross pay?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 29CE: Unearned Sales Revenue Brand Landscaping offers a promotion where a customers lawn will be mowed 20...
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![**Clothing Salesperson: Isadore Mitchell**
- **Minimum Weekly Salary:** $250
- **Rate of Commission:** 6%
- **Weekly Sales:** $2,480
**Tasks:**
1. Calculate the commission earned.
2. Determine the total gross pay for the week.
**Explanation:**
To find the commission earned:
- Multiply the weekly sales by the commission rate: \( \$2,480 \times 0.06 = \$148.80 \)
To find the gross pay:
- Add the commission to the minimum weekly salary: \( \$250 + \$148.80 = \$398.80 \)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1af9ebbe-17a0-4753-93bf-65113384646b%2F8bd52979-52ca-49ca-bf47-72a59f65a20f%2F02l126_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Clothing Salesperson: Isadore Mitchell**
- **Minimum Weekly Salary:** $250
- **Rate of Commission:** 6%
- **Weekly Sales:** $2,480
**Tasks:**
1. Calculate the commission earned.
2. Determine the total gross pay for the week.
**Explanation:**
To find the commission earned:
- Multiply the weekly sales by the commission rate: \( \$2,480 \times 0.06 = \$148.80 \)
To find the gross pay:
- Add the commission to the minimum weekly salary: \( \$250 + \$148.80 = \$398.80 \)
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