Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are being hired for a new job but the employer is given you a choice of two methods of payment. Method 1 : a
You are being hired for a new job but the employer is given you a choice of two methods of payment.
Method 1: a wage of $24 per hour for the first 140 hours
$26 per hour for more than 140 hours
Method 2: 5% commission on monthly sales up to $40 000
10% commission on sales greater than $40 000
You worked 167 hours last month and had total sales of $63 000. Identify which method would pay you the most and what your income would be.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started