Question
I'm a sales representative and I'm trying to understand the commission structure for a new job I'm considering. Can you find information on a sales commission rate of 5% and a daily salary of $30, and tell me the total weekly sales required to reach a weekly total of $1,550?
Answers
GPT-4o mini
To determine the total weekly sales required to reach a weekly total of $1,550 with a commission rate of 5% and a daily salary of $30, we can follow these steps:
1. **Calculate Weekly Salary**:
Since you work 5 days a week, your weekly salary would be:
\[
\text{Weekly Salary} = \text{Daily Salary} \times \text{Number of Days}
\]
\[
\text{Weekly Salary} = 30 \, \text{USD/day} \times 5 \, \text{days} = 150 \, \text{USD}
\]
2. **Calculate Total Earnings Needed from Commission**:
The total earnings you want for the week is $1,550. Subtract your weekly salary from this amount to find out how much you need to earn through commission:
\[
\text{Earnings from Commission} = \text{Total Weekly Earnings} - \text{Weekly Salary}
\]
\[
\text{Earnings from Commission} = 1550 \, \text{USD} - 150 \, \text{USD} = 1400 \, \text{USD}
\]
3. **Calculate Total Sales Required**:
With a commission rate of 5%, you can find the total sales required to earn this amount:
\[
\text{Total Sales} = \frac{\text{Earnings from Commission}}{\text{Commission Rate}}
\]
\[
\text{Total Sales} = \frac{1400 \, \text{USD}}{0.05} = 28000 \, \text{USD}
\]
Therefore, to reach a total weekly earnings of $1,550 with a commission rate of 5% and a daily salary of $30, you would need to generate **$28,000** in total sales for the week.
1. **Calculate Weekly Salary**:
Since you work 5 days a week, your weekly salary would be:
\[
\text{Weekly Salary} = \text{Daily Salary} \times \text{Number of Days}
\]
\[
\text{Weekly Salary} = 30 \, \text{USD/day} \times 5 \, \text{days} = 150 \, \text{USD}
\]
2. **Calculate Total Earnings Needed from Commission**:
The total earnings you want for the week is $1,550. Subtract your weekly salary from this amount to find out how much you need to earn through commission:
\[
\text{Earnings from Commission} = \text{Total Weekly Earnings} - \text{Weekly Salary}
\]
\[
\text{Earnings from Commission} = 1550 \, \text{USD} - 150 \, \text{USD} = 1400 \, \text{USD}
\]
3. **Calculate Total Sales Required**:
With a commission rate of 5%, you can find the total sales required to earn this amount:
\[
\text{Total Sales} = \frac{\text{Earnings from Commission}}{\text{Commission Rate}}
\]
\[
\text{Total Sales} = \frac{1400 \, \text{USD}}{0.05} = 28000 \, \text{USD}
\]
Therefore, to reach a total weekly earnings of $1,550 with a commission rate of 5% and a daily salary of $30, you would need to generate **$28,000** in total sales for the week.