Question
In: Finance
Velma is an Account Manager for Sherwin Williams paint. For the month, Velma sold paint that...
Velma is an Account Manager for Sherwin Williams paint. For the month, Velma sold paint that totaled $41,185 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 42% straight commission based on her profit. What is the total of her monthly compensation? (round to nearest dollar)
Solutions
Expert Solution
Profit generated=Sales*20%
=41,185*20%
=$8237
Hence monthly compensation=8237*42%
=$3460(Approx)
jeff jeffy answered 2 years agoRelated Solutions
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Selling Price
Disposable Income
i
y
A
P
M
1
160
100
15
19
2
200
160
14
17.5
3
140
50
16.5
14
4
190
190
14.5
20
5
130
90
17
15.5
6
160
70
16
14.5
7
200
140
15
21.5
8
150
110
18
18
9
210
200
12
18.5
10
190
100
15.5
20
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1210
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