SOLUTION: Vacek is paid a monthly commission on a graduated basis of 7.5% on net sales of $7000, 9% on the next $8000, and 11% an any additional sales. If sales for April were $21,500 and sa
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Question 1133511: Vacek is paid a monthly commission on a graduated basis of 7.5% on net sales of $7000, 9% on the next $8000, and 11% an any additional sales. If sales for April were $21,500 and sales returns were $325, what were his gross earnings for the month?
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
i think it works like this.
total sales for the month were 21500.
total returns for the month were 325.
total net sales for the month were 21500 minus 325 = 21175.
7000 of that was commissioned at 7.5%.
8000 of that was commissioned at 9%.
21175 - 15000 = 6175 of that was commissioned at 11%.
his total commission for the month was .075 * 7000 + .09 * 8000 + .11 * 6175 = 1924.25.
his gross earnings for the month were 1924.25.
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