Jasmin is paid a weekly commission of 6% on net sales of $5000, 9% on the next $4000, and 12.5% on all further sales. Her gross sales for a week were $14 250, and sales returns and allowances were $170. What were her gross earnings for the week? Gross sales = $ Less: Returns = $ Net sales = $ Commission: 6% on $5000 = $ Commission: 9% on $4000 Commission: 12.5% on further sales $ Gross earning = $ = = $

Jasmin is paid a weekly commission of 6% on net sales of $5000, 9% on the next $4000, and 12.5% on all further sales. Her gross sales for a week were $14 250, and sales returns and allowances were $170. What were her gross earnings for the week? Gross sales = $ Less: Returns = $ Net sales = $ Commission: 6% on $5000 = $ Commission: 9% on $4000 Commission: 12.5% on further sales $ Gross earning = $ = = $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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