Jim Smith is a salesman who receives a $1,100 draw per week. He receives a 12 percent commission on all sales. Sales for Jim were $205,000 for the month. Assuming a 4-week month, Jim's commission after the draw is: ... ?

Question

Mathematics

Denzel Cannon

22 January, 00:35

Jim Smith is a salesman who receives a $1,100 draw per week. He receives a 12 percent commission on all sales. Sales for Jim were $205,000 for the month. Assuming a 4-week month, Jim's commission after the draw is: ... ?

+1

Answers (1)

Know the Answer?

Carlie Hardin · Answer 1

Amount of salary drawn by Jim per week = $1100

Percentage of commission on sales received by Jim = 12%

Amount of sales done by Jim in a month = $205000

Amount of commission received by Jim in the month = (12/100) * 205000

= 24600 dollars

Total amount of money drawn by Jim = 4 (1100) + 24600

= 4400 + 24600

= 29000 dollars.