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

Accepted Solution

Answer:$29,000Step-by-step explanation:Given:Receivable draw per week= $11,00Commission on all sales= 12%Sale for the month= $205,000weeks in a month= 4Jim's commission after the draw=?total draws= 11,00 (4)                   = 44,00Commission on the sale= 205000(0.12)                                         =24600Jim's commission after the draw= 4400 +24600                                                      =29,000 !