Math Problem Statement
Madison earns $750 per week plus 3% of sales in excess of $6,500. If Madison sells $25,000 in the first week, her earnings are:
Solution
To determine Madison's earnings for the first week, we need to calculate both her base weekly salary and her commission on sales.
Step 1: Calculate the base weekly salary
Madison's base weekly salary is $750.
Step 2: Calculate the commission
Madison earns a 3% commission on sales in excess of $6,500. Her total sales for the first week are $25,000.
First, determine the amount of sales subject to the commission:
Next, calculate the commission:
Step 3: Calculate total earnings
Now, add the base salary and the commission to get the total earnings for the first week:
So, Madison's earnings for the first week are $1,305.
Would you like more details or have any questions?
Here are five questions you might consider next:
- How are sales commissions typically structured in different industries?
- What are the tax implications of earning commissions?
- How can sales goals impact earnings?
- What are some strategies for increasing sales performance?
- How do base salaries compare to commission-based earnings in terms of job stability?
Tip: When calculating commissions, ensure that you subtract any non-commissionable base amount from the total sales before applying the commission percentage.
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Math Problem Analysis
Mathematical Concepts
Percentage
Commission Calculation
Formulas
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Theorems
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Suitable Grade Level
Grades 9-12
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