Sarah Jones earns 550 per week selling life insurance for Fa

Sarah Jones earns $550 per week selling life insurance for Farmer’s Insurance plus 5% of sales over $5,750. Sarah’s sales this month (four weeks) are $23,500. How much does Sarah earn this month? (Round your answer to 2 decimal places.)

Amount            $

Solution

Her per week diem = $550

Also, she gets 5% of whatever above $5,750

So, her total earning = 550 + .05(23500-5750) = $1437.5

Her total earning is $1437.5