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19 January, 03:16

Jim Smith is a salesman who receives a $1,100 draw per week. He receives a 12 percent commission on all sales. Sales for Jim were $205,000 for the month. Assuming a 4-week month, Jim's commission after the draw is: ... ?

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  1. 19 January, 03:59
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    Amount of salary drawn by Jim per week = $1100

    Percentage of commission on sales received by Jim = 12%

    Amount of sales done by Jim in a month = $205000

    Amount of commission received by Jim in the month = (12/100) * 205000

    = 24600 dollars

    Total amount of money drawn by Jim = 4 (1100) + 24600

    = 4400 + 24600

    = 29000 dollars.
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