Understanding Salary and Commission Calculations

What components make up Andy's earnings from his job?

• Hourly wage and bonuses

• Commission and bonuses

• Base salary and commission

• Base salary and hourly wage

If Andy sells $5,000 worth of furniture, how much was he paid?

• $450

• $600

• $500

• $550

What method is used to solve for the commission rate?

• Graphing

• Elimination

• Substitution

• Trial and error

What is the commission rate as a percentage?

• 6.67%

• 8.67%

• 7.67%

• 5.67%

How is the base salary calculated once the commission rate is known?

• By multiplying the commission rate by the sales amount

• By adding the commission to the total earnings

• By subtracting the commission from the total earnings

• By dividing the total earnings by the sales amount

What is Andy's base salary?

• $230.67

• $216.67

• $250.67

• $200.67

If Andy sells $7,000 worth of furniture, what will his total earnings be?

• $650.34

• $670.34

• $683.34

• $700.34

What is the first step in predicting Andy's earnings for a new sales amount?

• Calculate the new base salary

• Multiply the sales amount by the commission rate

• Subtract the base salary from the total earnings

• Determine the new commission rate

What is the formula to calculate Andy's earnings for a given sales amount?

• Sales amount + (Base salary / Commission rate)

• Sales amount - (Base salary * Commission rate)

• Base salary + (Commission rate * Sales amount)

• Base salary + (Sales amount / Commission rate)

Why is it important to know both the commission rate and base salary?

• To estimate the total profit

• To find the total expenses

• To determine the total earnings

• To calculate the total sales