SOLUTION: Mary is a sales representative for a food company. Over the last month, she closed $325,000 in retail distribution contracts. Calculate the total gross earnings that Mary earns und

Question 1198750: Mary is a sales representative for a food company. Over the last month, she closed $325,000 in retail distribution contracts. Calculate the total gross earnings that Mary earns under the following 3 commission models:
a. She is paid a straight commission of 3.45%.
b. She is paid 2% for sales on the first $100,000, 3% on the next $100,000, and 4% on all remaining sales.
c. She is paid a base salary of $2,000 plus a commission of 3.5% on all sales above $100,000.
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
her sales are 325,000

a.
.0345*325,000 = 11,212.5

b.
.02 * 100,000 + .03 * 100,000 + .04 * 125,000 = 10,000

c.
2,000 + .035 * 225,000 = 9,875

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