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A-1 Chemical Supply pays Kim Taylor a $1320 monthly salary plus a 4% commission on merchandise she sells each month. Assume Kim's sales were $87,300 for last month.Calculate the following amounts:1. Amount of Commission: $2. Gross Pay:

Question

A-1 Chemical Supply pays Kim Taylor a 1320monthlysalaryplusa41320 monthly salary plus a 4% commission on merchandise she sells each month. Assume Kim's sales were 87,300 for last month.Calculate the following amounts:1. Amount of Commission: $2. Gross Pay:

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Solution

  1. Amount of Commission: To calculate the commission, you need to multiply Kim's sales by the commission rate.

Kim's sales = $87,300 Commission rate = 4% = 0.04

So, the commission is calculated as follows: Commission = Sales * Commission rate Commission = 87,3000.04Commission=87,300 * 0.04 Commission = 3,492

  1. Gross Pay: The gross pay is the sum of the monthly salary and the commission.

Monthly salary = 1,320Commission=1,320 Commission = 3,492

So, the gross pay is calculated as follows: Gross Pay = Monthly salary + Commission Gross Pay = 1,320+1,320 + 3,492 Gross Pay = $4,812

So, Kim's commission for last month was 3,492andhergrosspaywas3,492 and her gross pay was 4,812.

This problem has been solved

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