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Eastern Aviation Equipment pays John Young a $2960 monthly salary plus a 4% commission on merchandise he sells each month. Assume John's sales were $84,200 for last month.Calculate the following amounts:1. Amount of Commission: $2. Gross Pay:

Question

Eastern Aviation Equipment pays John Young a 2960monthlysalaryplusa42960 monthly salary plus a 4% commission on merchandise he sells each month. Assume John's sales were 84,200 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, we need to multiply John's sales by the commission rate.

John's sales = $84,200 Commission rate = 4% = 0.04

So, the commission is calculated as follows: Commission = Sales * Commission rate Commission = 84,2000.04Commission=84,200 * 0.04 Commission = 3368

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

Monthly salary = 2960Commission=2960 Commission = 3368

So, the gross pay is calculated as follows: Gross Pay = Monthly salary + Commission Gross Pay = 2960+2960 + 3368 Gross Pay = $6328

So, John's commission for last month was 3368andhisgrosspaywas3368 and his gross pay was 6328.

This problem has been solved

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