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I worked there about 12 years ago, and this is actually a better deal than I had. When I worked there it was a "team bonus". So everyone in the guitar department was dependent on each other. So if the team's goal was 10,000 profit for the month (the same BS margin described in the post) we'd each get $100. Then the next month they'd raise the goal. If we hit it we'd get a bonus then they'd raise it again. Eventually, no bonus because the goal became unreachable.
Welcome to sales!!!!
As someone who regularly works 60-70 hour weeks and many weekends and holidays I find the post to be rather whiny and/or naive. Coming in an hour before opening? THE HORROR. Perhaps he could take that time to set up a bass or two.