SOLUTION: Marion receives a monthly base salary of $1000. On the first $10,000 of sales above her monthly quota of $20,000, she is paid a commission of 8%. On any additional sales, the commi

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Marion receives a monthly base salary of $1000. On the first $10,000 of sales above her monthly quota of $20,000, she is paid a commission of 8%. On any additional sales, the commi      Log On

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Question 900538: Marion receives a monthly base salary of $1000. On the first $10,000 of sales above her monthly quota of $20,000, she is paid a commission of 8%. On any additional sales, the commission rate is 10%. What were her gross earnings for the month of August, in which she had sales amounting to $38,670?
Found 2 solutions by josmiceli, stanbon:
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
She got her base salary of +1000+
-------------
$10,000 over the quota of $20,000
amounts to $30,000, which she did
reach, so she also made:
+.08%2A10000+=+800+
-----------------------
For sales above $30,000, she gets 10%
commission, so
+38670+-+30000+=+8670+
+.1%2A8670+=+867+
------------------
+1000+%2B+800+%2B+867+=+2267+
Her gross earnings for August were $2,267


Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Marion receives a monthly base salary of $1000. On the first $10,000 of sales above her monthly quota of $20,000, she is paid a commission of 8%. On any additional sales, the commission rate is 10%. What were her gross earnings for the month of August, in which she had sales amounting to $38,670?
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Let the gross earnings be "x"::
Equation:
x = 1000 + 0.08(10,000) + 0.10(8670) = $2667
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Cheers,
Stan H.
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