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

Question

Quizplus · Accepted Answer

Jim's total commission for the month is 12% of $205,000, which is $24,600. His draw for the month is $1,100 per week for 4 weeks, totaling $4,400. Therefore, his commission after the draw is $24,600 - $4,400 = $20,200.

Jim Smith Is a Salesman Who Receives a $1,100 Draw