During a year, Teni\'s monthly sales compensation ranged between $16,000 and $21

Question

During a year, Teni's monthly sales compensation ranged between $16,000 and $21,600 per month and units sold ranged between 1,200 and 2,000 units for those same months. Required Use the high-low method to determine Teri's monthly salary and commission rate per unit sold and then calculate the total number of units sold in a year when Teni's total compensation amounted to $185,700. (Round your "Commission rate" to 2 decimal places.) Monthly salary Commission rate Total number of units sold per unit

Explanation / Answer

Calculate following

Commission rate = (21600-16000)/(2000-1200) = $7 per unit

Monthly salary = 21600-(2000*7) = $7600

Total number of units sold = (185700-91200)/7 = 13500 Units

Total salary for year = 7600*12 = 91200

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