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Velma is an Account Manager for Sherwin Williams paint. For the month, Velma sold paint that totaled $41,499 in sales. The cost of goods sold
Velma is an Account Manager for Sherwin Williams paint. For the month, Velma sold paint that totaled $41,499 in sales. The cost of goods sold of this paint was 80%, so she generated 20% of sales as profit (or gross margin) for the company. Velma is paid 40% straight commission based on her profit. What is the total of her monthly compensation? (round to nearest dollar)
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