Question
7. The base salary is \( \$ 54,300 \). The commission is \( 2.75 \% \) of the total sales of \( \$ 950,000 \). Find the total earnings. \( \$ \square \)
Ask by Griffiths Wood. in the United States
Jan 26,2025
Real Tutor Solution
Tutor-Verified Answer
Answer
The total earnings are \$80,425.
Solution
To determine the total earnings, we'll calculate both the base salary and the commission and then sum them up.
1. **Calculate the Commission:**
The commission is \( 2.75\% \) of the total sales of \( \$950,000 \).
\[
\text{Commission} = 2.75\% \times \$950,000
\]
\[
\text{Commission} = 0.0275 \times \$950,000 = \$26,125
\]
2. **Add the Base Salary:**
The base salary is \( \$54,300 \).
\[
\text{Total Earnings} = \text{Base Salary} + \text{Commission}
\]
\[
\text{Total Earnings} = \$54,300 + \$26,125 = \$80,425
\]
**Final Answer:**
\[
\$ \boxed{80,\!425}
\]
Reviewed and approved by the UpStudy tutoring team
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Simplify this solution Extra Insights
First, let's calculate the commission. The commission is \( 2.75\% \) of \( \$950,000 \). To find the commission, you multiply: \[ \text{Commission} = 0.0275 \times 950,000 = \$26,125 \] Now, add the base salary to the commission to find the total earnings: \[ \text{Total Earnings} = \text{Base Salary} + \text{Commission} \] \[ \text{Total Earnings} = 54,300 + 26,125 = \$80,425 \] So, the total earnings amount to \( \$80,425 \).
