3. Joan MacMallin sells shoes at the Foot Factory. She is guaranteed $3.25 an hour or3.25% of her total sales, whichever is greater. During a week in which she worked52 hours, she sold $5950 worth of shoes.a. Find her total hourly wages and her çommission for the week.b. What was her gross pay?

Answered: Joan MacMallin sells shoes at the Foot…

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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Joan MacMallin sells shoes at the Foot Factory. She is guaranteed $3.25 an hour or 3.25% of her total sales, whichever is greater. During a week in which she worked 52 hours, she sold $5950 worth of shoes. a. Find her total hourly wages and her çommission for the week. b. What was her gross pay?