20. greg earns 2% commission on each car he sells, plus a base salary of $500 per week. if his total car…

20. greg earns 2% commission on each car he sells, plus a base salary of $500 per week. if his total car sales in one week was $68,775, find his take - home pay for the week.

20. greg earns 2% commission on each car he sells, plus a base salary of $500 per week. if his total car sales in one week was $68,775, find his take - home pay for the week.

Answer

Explanation:

Step1: Calculate the commission amount

Commission rate is 2% or 0.02, and total sales is $68775. So commission = $0.02\times68775$. $0.02\times68775 = 1375.5$

Step2: Calculate the total take - home pay

Add the base salary of $500 to the commission amount. Total pay = $1375.5 + 500$. $1375.5+500=1875.5$

Answer:

$1875.5$