An Insurance Salesperson Is Paid $\$ 6.00$ An Hour and a Commission Of

Short Answer

An insurance salesperson is paid $\$ 6.00$ an hour and a commission of $\$ 1.50$ per $\$ 1,000$ of insurance sold. The firm sells each $\$ 1,000$ of insurance for $\$ 20.00$ .
(A) If each salesman works for exactly 40 hours per week, and if the total compensation received by the 10 salesmen working for this firm during a typical week is $\$ 18,900$ , what is the total value of insurance sold during a typical week?
(B) If the firm changes the compensation package to $\$ 20.00$ per hour and a commission of $\$ 0.25$ per $\$ 1000$ of insurance sold, what will be the total compensation for a typical week?
(C) For a single salesman, what will be the volume of sales needed to make a wage of $\$ 2,010$ per week?