Answer:
[tex]Annual\ Earnings = \$53700[/tex]
Step-by-step explanation:
Given
[tex]Earnings = \$37500[/tex] (yearly)
[tex]Average\ Sales = 200[/tex] (monthly)
[tex]Sales = \$6.75[/tex]
Required
Determine the total annual earnings
First, we need to determine the earnings from sales in a year
There are 12 months in a year;
So:
[tex]Total\ Sales = 200 * 12 * \$6.75[/tex]
[tex]Total\ Sales = \$16200[/tex]
Annual Earnings is then calculated as thus:
[tex]Annual Earnings = \$16200 + \$37500[/tex]
[tex]Annual\ Earnings = \$53700[/tex]