Asked by Jessica Hartley on Jul 03, 2024
Verified
Sylvia Jimenez is paid by commission only, and she earns 1.5% on all sales. If Sylvia sells more than $125,000 in any month, she receives an additional 2% on the sales above $125,000. Find Sylvia's total commission for July on sales of $180,000.
Commission Only
A payment model where compensation is based solely on the amount of sales or transactions generated, with no base salary.
Additional Commission
Extra earnings given to employees or salespersons on top of their standard commission, often based on reaching a specific target or sales goal.
- Evaluate earnings from commission-only payment plans.
Verified Answer
RA
Rakesh Adhikary7 days ago
Final Answer :
$180,000 $125,000 = $55,000; $180,000 0.015 = $2,700;
$55,000 0.02 = $1,100; $2,700 + $1,100 = $3,800
$55,000 0.02 = $1,100; $2,700 + $1,100 = $3,800
Learning Objectives
- Evaluate earnings from commission-only payment plans.