Contemporary Business Mathematics for Colleges 17th Edition By James E. Deitz - Test Bank Instant Download - Complete Test Bank With Answers Sample Questions Are Posted Below Multiple Choice 1. Compute the commission and the total gross pay. Monthly Commission Monthly Employee Salary Rate Sales …
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Contemporary Business Mathematics for Colleges 17th Edition By James E. Deitz – Test Bank
Instant Download – Complete Test Bank With Answers
Sample Questions Are Posted Below
| Multiple Choice |
| 1. Compute the commission and the total gross pay.
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| 2. Compute the commission and the total gross pay.
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| 3. Compute the commission and the total gross pay.
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| 4. Compute the commission and the total gross pay.
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| 5. Compute the total commission for the following commission payment plan.
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| 6. Compute the total commission for the following commission payment plan.
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| 7. Compute the total commission for the following commission payment plan.
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| 8. Compute the total commission for the following commission payment plan.
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| 9. Compute the commission and gross cost for the following purchase for principals.
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| 10. Compute the commission and gross cost for the following purchase for principals.
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| 11. Compute the commission and gross cost for the following purchase for principals.
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| 12. Compute the commission and gross cost for the following purchase for principals.
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| 13. Compute the commission and gross cost for the following purchase for principals.
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| 14. Compute the commission and net proceeds for the sale on consignment.
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| 15. Compute the commission and net proceeds for the sale on consignment.
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| 16. Compute the commission and net proceeds for the sale on consignment.
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| 17. Compute the commission and net proceeds for the sale on consignment.
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18. An appliance salesperson receives a monthly salary of $2,250, plus a commission of 4.5% on all sales. Compute total pay for a month in which she sold $98,450 worth of appliances.
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19. An insurance broker receives a monthly salary of $3,460, plus a commission of 10.5% on all sales. Compute total pay for a month in which he sold $80,965 worth of insurance policies.
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20. A salesperson in a furniture store receives a weekly salary of $1,250. She also earns a commission of 6% on all sales for the week and a bonus of 2% on all sales above $5,000 for the week. How much would she earn if her total sales for the week were $9,420?
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21. Sylvia Jimenez is paid by commission only, and she earns 1.5% on all sales. If Sylvia sells more than $125,000 in any month, she receives an additional 2% on the sales above $125,000. Find Sylvia’s total commission for July on sales of $180,000.
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22. An employee who sells advertising time for independent television stations is paid a salary of $2,000 per month. For short commercials (less than 30 seconds), the employee receives a 0.5% commission. For long commercials (30 seconds or longer), she receives a 1% commission. Compute her total pay for a month in which she sold $345,500 worth of time for short commercials, and $196,000 worth of time for long commercials.
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23. A free-lance sales representative is independent and gets paid on a commission-only basis. She earns a 5% commission on monthly sales up to $35,000, 6% on monthly sales between $35,000 and $75,000, and 7% on monthly sales over $75,000. Determine her commission for a month when sales were $106,450.
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24. An employment agency is seeking a newspaper advertising salesperson. The monthly pay is $2,500 salary plus a 2.5% commission on sales up to $60,000 and 5% on sales over $60,000. The advertisement also states that normal sales should usually be at least $75,000. What would be the total pay for a person who sold the expected minimum?
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25. Select City Run Mall is seeking a salesperson for the Xara showroom. The monthly pay of the salesperson would be $3,800 salary plus a 3.6% commission on sales up to $80,000 and 7.2% on sales over $80,000. The job requirement also states that normal sales should usually be at least $95,000. What would be the total pay for a person who sold the expected minimum?
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26. Harley Dickerson sells industrial paper products and earns a 4% commission on all sales. Harley earns a 2% bonus on sales that exceed $40,000 during a month. An additional 1% bonus is earned on any sales that exceed $90,000. Calculate Harley’s commission for a month on sales of $95,800.
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27. A salesperson gets paid a salary of $2,150 per month, with a graduated commission plan that pays 2.5% on sales up to $40,000, 3% on sales between $40,000 and $80,000, and 3.5% on sales over $80,000. Compute the total pay for the salesperson during a month when sales were $106,500.
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28. A home furnishings salesperson works on a commission-only basis. He earns an 11% commission on all sales that are final, i.e., merchandise is not returned. Last month sales were $48,500, but $7,400 worth of furnishings were returned. What was the salesperson’s commission for last month?
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29. An employee earns a salary of $750 per week and a 4% commission on all sales. Determine the employee’s total pay if her sales for the week total $18,100.
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30. A medical representative earns a salary of $840 per week and a 7% commission on all sales. Determine the medical representative’s total pay if his sales for the week total $27,200.
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31. Mary Wallis receives a salary of $2,750, and a 1.5% commission on all of her sales in a month. In March, she sold $325,000 worth of merchandise. Determine Mary’s total pay for March.
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32. Diana Mortz receives a salary of $4,970, and a 2.6% commission on all of her sales in a month. In June, she sold $444,000 worth of commodities. Determine Diana Mortz’s total pay for June.
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33. Yuli Lu works as commission merchant who helps businesses sell their existing office equipment, except computers. For desks, tables, chairs and filing cabinets, Yuli charges 18% of the sales price. For printers and copiers, she charges 30%. She also deducts any delivery charges. For Harris Corp, she sold assorted furniture at $7,860 and two large copiers for $2,450 each. The total delivery charges were $318. Compute the net proceeds that would be due to Harris Corp.
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34. A commission merchant specializing in food products sold a consignment of products for a farm. The sales price was $18,450 with a commission rate of 12% for farm products. For this consignment, there was $890 freight that the merchant had to pay. What were the net proceeds due to the farm?
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35. A contract merchant specializing in Stationery articles sold a consignment of articles for an office. The sales price was $22,650 with a commission rate of 16% for office articles. For this consignment, there was $650 freight that the merchant had to pay. What were the net proceeds due to the office?
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36. In the first quarter of the year (January through March), a commission merchant sold several consignments of construction equipment, some used and some new. The sales price was $112,900 for the new equipment and $58,400 for the used equipment. The merchant charges commission rates of 10% to sell new equipment and 15% to sell used equipment. The merchant paid total freight charges of $2,490 to have the equipment delivered to the various buyers. Compute the net proceeds from the sales.
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37. An interior decorator buys furniture at the “dealer price,” but he charges his clients the “retail price” instead of charging a commission. A client pays $3,000 for furniture that had a “dealer price” of $2,500. To charge the client the same dollar amount, but calculating it as a commission, what commission rate would the decorator have to use?
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38. A landscape designer charges a modest hourly design fee. She makes the majority of her income by selling various outdoor equipment and furniture. She adds 25% to her cost and also charges any related delivery and/or “set-up” fees. A client selected furniture and barbecue equipment that cost the designer $3,274. In addition, there was a delivery charge of $375 and another $247 to assemble the barbecue. Compute the total amount of the purchase.
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39. A single, working parent decides to have a home delivery service perform his weekly grocery shopping. The service charges a fee of 6.5% of the food price, plus 50 cents per mile. In one month, for this parent, the service delivered food worth $1,652.88 and drove a total of 98 miles. Determine the parent’s total cost for the groceries and the service during this month.
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Original price was: $30.00.$20.00Current price is: $20.00.
Original price was: $30.00.$20.00Current price is: $20.00.
Original price was: $30.00.$20.00Current price is: $20.00.
Original price was: $30.00.$20.00Current price is: $20.00.
Original price was: $30.00.$20.00Current price is: $20.00.
Original price was: $30.00.$20.00Current price is: $20.00.
