Question
An employee receives a commission from a percentage of sales, paid monthly. The employees comission basis is $100 per month. The final payment at the
An employee receives a commission from a percentage of sales, paid monthly. The employees comission basis is $100 per month. The final payment at the end of the quarter is adjusted for total performance for the quarter ((quarterly sales / 10500 [the quarterly goal] * $300 [the 3 month comission basis]) - Jan & Feb payments.
If the January and February sales total 10,550 and total payments were 284.33, and the quarterly goal is 10,500 units with a $300 quarterly commission basis, how many sales are needed to earn $100 for the payment in March? Show the steps and the formula required to calculate the sales needed.
Month | Goal (units) | Actual (units) | Percentage | Comission Basis | Payment |
Jan | 5000 | 5050 | 101% | $100.00 | $101.00 |
Feb | 3000 | 5500 | 183% | $100.00 | $183.33 |
Mar | 2500 | #? | %? | ||
Quarter | 10500 | #? | %? | $300.00 | $100.00 |
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