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Updated on: 22 Jan 2014, 07:15
Originally posted by guerrero25 on 20 Jan 2014, 22:16.
Last edited by guerrero25 on 22 Jan 2014, 07:15, edited 1 time in total.
Last edited by guerrero25 on 22 Jan 2014, 07:15, edited 1 time in total.
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A
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Difficulty:
45%
(medium)
Question Stats:
74% (02:24) correct
26%
(02:09)
wrong
based on 362
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Paul sells encyclopedias door-to-door. He earns $160 on every paycheck, regardless of how many sets he sells. In addition, he earns commission as follows:
Commission Sales
10% $0.00 - $10,000.00
5% $10,000.01 --->
He does not earn "double commission." That is, if his sales are $12,000, he earns 10% on the first $10,000 and 5% on the remaining $2,000.
His largest paycheck of the year was $1,320. What were his sales for that pay period?
A)13,200
B)14,800
C)16,400
D)15,800
E)19,600
Commission Sales
10% $0.00 - $10,000.00
5% $10,000.01 --->
He does not earn "double commission." That is, if his sales are $12,000, he earns 10% on the first $10,000 and 5% on the remaining $2,000.
His largest paycheck of the year was $1,320. What were his sales for that pay period?
A)13,200
B)14,800
C)16,400
D)15,800
E)19,600
20 Jan 2014, 23:00
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guerrero25
His pay check was $1320.
Out of this, $160 was his fixed salary so the total commission he earned was $1320 - $160 = $1160
He earns 10% on the sales of first $10,000 which gives a commission of $1000.
He earns 5% on every subsequent dollar. Since he earns another $160, he must have had sales of another 160*(100/5) = 3200
So his total sales must have been $10,000 + $3200 = $13,200
22 Jan 2014, 01:11
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Paul sells encyclopedias door-to-door. He earns $160 on every paycheck, regardless of how many sets he sells. In addition, he earns commission as follows:
Commission Sales
10% $0.00 - $10,000.00
5% $10,000.01 --->
He does not earn "double commission." That is, if his sales are $12,000, he earns 10% on the first $10,000 and 5% on the remaining $2,000.
His largest paycheck of the year was $1,320. What were his sales for that pay period?
Using the equation y = mx + C, where, y = Paycheck amount; x= amount of sales exceeding $10000; m = 5% or 1/20; C = 160 + 10000(1/10) = 1160;
\(1320 = \frac{x}{20} + 1160\)
Or,\(x = (1320-1160)(20) = 3200\)
So, Total sales \(= 10000+3200=13200\)
Answer: (A)
Commission Sales
10% $0.00 - $10,000.00
5% $10,000.01 --->
He does not earn "double commission." That is, if his sales are $12,000, he earns 10% on the first $10,000 and 5% on the remaining $2,000.
His largest paycheck of the year was $1,320. What were his sales for that pay period?
Using the equation y = mx + C, where, y = Paycheck amount; x= amount of sales exceeding $10000; m = 5% or 1/20; C = 160 + 10000(1/10) = 1160;
\(1320 = \frac{x}{20} + 1160\)
Or,\(x = (1320-1160)(20) = 3200\)
So, Total sales \(= 10000+3200=13200\)
Answer: (A)
