A Salesperson Is Paid a Weekly Salary of $350

question 56

Essay

A salesperson is paid a weekly salary of $350.00 or a commission of 14.5% of his sales, whichever is the greater. What is his earnings for a week in which his sales were
a) $2480.00?
b) $3780.00?

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Definitions:

Components

Fundamental parts or elements that combine to form a complex system, mechanism, or product.

Horizontal Price Fixing

Horizontal price fixing occurs when companies at the same level of the supply chain agree to set prices or other market conditions, reducing competition.

Grocery Stores

Retail stores that primarily sell food, including fresh produce, meats, dairy products, and various packaged goods.

Loaf of Bread

A shaped mass of baked bread, commonly sliced for consumption and made from a variety of grains.