The employees of royal clothes achieved all of the sales goals for 2017. royal decides to reward the employees with a bonus of 15 % on annual net income, after deducting the bonus. the net income before the calculation of the bonus is $318,000. what is the amount of the bonus? (round your final answer to the nearest dollar.)

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Business

Felix Rojas

8 October, 20:50

The employees of royal clothes achieved all of the sales goals for 2017. royal decides to reward the employees with a bonus of 15 % on annual net income, after deducting the bonus. the net income before the calculation of the bonus is $318,000. what is the amount of the bonus? (round your final answer to the nearest dollar.)

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Haiden Gilmore · Answer 1

If the net income was 318000 and they're going to give them a bonus of 15%,

then we need to calculate how much is 15%:

100%-318000

15%-X

318000 x 15/100: 47700

15% of 318000 is 47700 then.

Now we add it to the net income: 318000+47700: 365700

The bonus amount is: 365700