question 8 of 10: to keep your start - up costs low, you decide to hire two salespeople on commission. they…

question 8 of 10: to keep your start - up costs low, you decide to hire two salespeople on commission. they have a base salary of $30,000 and receive 6% of all sales in commission. if first year sales are $500,000, what is your total cost for the two salespeople?\na) $80,000\nb) $90,000\nc) $100,000\nd) $110,000

question 8 of 10: to keep your start - up costs low, you decide to hire two salespeople on commission. they have a base salary of $30,000 and receive 6% of all sales in commission. if first year sales are $500,000, what is your total cost for the two salespeople?\na) $80,000\nb) $90,000\nc) $100,000\nd) $110,000

Answer

Explanation:

Step1: Calculate total base - salary

Each salesperson has a base - salary of $30,000. For 2 salespeople, the total base - salary is $30,000\times2 = 60000$.

Step2: Calculate total commission

The commission rate is 6% or 0.06, and the first - year sales are $500,000. The total commission is $0.06\times500000=30000$.

Step3: Calculate total cost

The total cost for the two salespeople is the sum of the total base - salary and the total commission, so $60000 + 30000=90000$.

Answer:

B. $90,000