Reference no: EM131305740
Territory Account Management Calculating Sales Compensation In problems 1 – 4, compute both the commission and the total pay based on the information given. 1. Salary, $3,000; commission rate, 6%, total sales, $58,000; returns, $0 a. Commission_____ b. Total pay_____ 2. Salary, $2,500; commission rate, 5%; total sales, $91,000; returns, $5,000 a. Commission_____ b. Total pay_____ 3. Salary, $3,600; commission rate,4.5%; total sales, $76,000; returns, $6,800 a. Commission_____ b. Total pay_____ 4. Salary, $0; commission rate, 8%; total sales, $98,000; returns, $11,425 a. Commission_____ b. Total pay_____ 5. Compute the total commission on sales of $160,000 if the commission rates are 3% on the first $100,000 and 5% on everything above $100,000.___________ 6. Compute the total commission on sales of $85,000 if the commission rates are 3% on the first $100,000 and 5% on everything above $100,000.___________ 7. Compute the total commission on sales of $250,000 if the commission rates are 2% on the first $75,000 and 3% the next $75,000, and 4% on everything above $150,000.___________ 8. Compute the total commission on sales of $135,000 if the commission rates are 2% on the first $75,000 and 3% the next $75,000 and 4% on everything above $150,000.___________ 9. Compute the total commission on sales of $70,000 if the commission rates are 2% on the first $75,000 and 3% the next $75,000 and 4% on everything above $150,000.___________ 10. Compute the total commission on sales of $115,000 if the commission rates are 4% on the first $35,000 and 6% the next $45,000 and 8% on everything above $80,000.___________ 11. Larry Leong is paid 2.5% on all sales. He is also paid a bonus of an additional 1.5% on any sales above $70,000. Calculate Larry’s total commission on sales of $120,000. _____ 12. Gloria Alvares is paid 4% on all sales. He is also paid a bonus of an additional 2% on any sales above $40,000. Calculate Larry’s total commission on sales of $105,000. _____ 13. Charles White sells used logging equipment on consignment. He charges 20% commission plus expenses. Calculate Charles’ commission on a log truck he sold for $42,750. ______ 14. For the sale in problem 13, Charles also paid an additional $290 to deliver the truck to the new owner. Calculate the net proceeds that Charles’ principal should receive. _______ 15. Sue Lyon is a designer who purchased furniture for clients. She charges 15% of the price, plu8s expenses. Calculate Sue’s commission on furniture priced at $21,400._________
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