alex buys 30 shares of walmart at the close price of 48.80. his broker charges him 3% of each share as a transaction fee. how mu
2 answers:
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Answer:
a. Regular annual salary = $29,500
b. Sales commission = $13,750
c. Total annual earnings = $43,250
Explanation:
a. Regular annual salary is constant and fixed = $29,500
b. Sales commission for sales above $150,000 to $200,000 = 8.5%
On sales above $200,000 Sales commission = 10%
Actual Sales for the year = $295,000
Sales Commission
= $200,000 - $150,000 = $50,000 8.5% = $4,250
+ $295,000 - $200,000 = $95,000 10% = $9,500
Total commission = $4,250 + $9,500 = $13,750
c. Total annual earnings = Annual salary + Total commission
= $29,500 + $13,750 = $43,250
Final Answer
a. Regular annual salary = $29,500
b. Sales commission = $13,750
c. Total annual earnings = $43,250
Answer:
$101.22
Explanation:
Please see attachment
