Syed worked 35 hours during the past week,and his net sales for the week were $5,480.His gross sales were $6,000.During the same week,the department's total gross sales were $60,000 and net sales were $55,000.A total of 6 employees worked 180 hours.Syed's sales per employee hour for the week would be:

Question

Quizplus · Accepted Answer

Syed's sales per employee hour can be calculated as follows:

Sales per employee hour = (Net sales / Total employee hours)

Total employee hours = 180 hours

Net sales for the department = $55,000

Syed's net sales = $5,480

Syed's gross sales = $6,000

Therefore, his gross profit percentage is (Net sales / Gross sales) x 100 = (5,480 / 6,000) x 100 = 91.33%

Syed's gross profit for the week = Gross sales x Gross profit percentage = 6,000 x 0.9133 = $5,479.80

Syed's hourly wage = Gross profit / Hours worked = 5,479.80 / 35 = $156.57

Therefore, the answer is C.

Syed Worked 35 Hours During the Past Week,and His Net