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14 March, 15:14

Ace autos sell cars and pay sue each month as follows

-salary of £1410

-26% of the total profit the company makes from her sales

- a £390 bonus if she sells at least 16 cars

The table shows information about the cars she sold last year

Total cost to the company - £473,500

Total income for the company - £549,000

Number of months when she sold at least 16 cars - 4

work out sues total pay for the year

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  1. 14 March, 19:10
    0
    Sue's total pay of year will have three parts

    1) Fixed Salary for 12 months

    one month salary = £1410

    so 12 month salary = £1410 x 12 = £16920

    2) 26% of total profit

    Total cost to the company - £473,500

    Total income for the company - £549,000

    Profit = Total income for the company - Total cost to the company

    = £549,000 - £473,500 = £75500

    Sues income from profit = 26% of £75500 = (26 * 75500) / 100 = £19630

    3) Bonus if Sue sells at least 16 cars

    Given number of months when sue solds atleast 16 cars = 4

    So bonus income = 4 * 390 = £1560

    Adding the three above parts

    Sue's total pay for the year = £16920 + £19630 + £1560 = £38110
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