Question

Felix earns $450 per week plus 3% of sales over $4800. Felix’s sales are $53000. How much does Felix earn?Felix earns $450 per week plus 3% of sales over $4800. Felix’s sales are $53000. How much does Felix earn?

Answer 1

Answer-

Felix's total earning is $4740.

Solution-

Felix's fix earning per week = $450

His additional/variable earning = 3% if he sells more than $4800

As Felix’s sales are $53000, so he qualifies for variable pay.

$\text{Felix's total earning} = \text{Net fix earnings + Variable earning}$

$=(450\times 7)+(53000\times \frac{3}{100})\\\\=3150+1590\\\\=4740$

Therefore, Felix's total earning is $4740.