A Salesman's Monthly Commission Is 20% on All Sales Over

question 100

Short Answer

A salesman's monthly commission is 20% on all sales over $15,000. If his goal is to make a commission of at least $4,800/month, what minimum monthly sales figures must he attain?
$ __________

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Definitions:

Department Manager

An individual responsible for overseeing a specific department within a company, ensuring its efficient operation and alignment with the organization's goals.

Investment Turnover Factor

A ratio measuring the efficiency of a company in generating sales or revenue from its investment in assets.

DuPont Formula

A financial analysis method that breaks down Return on Equity into three parts: operating efficiency, asset use efficiency, and financial leverage.

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated as the return from an investment divided by the cost of the investment.