SOLUTION: Last year, Reliable securities established a sales achievement bonus fund of $10,000 to be distributed at the year's end among it's four-person mutual fund sales force. The distrib

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Question 1165271: Last year, Reliable securities established a sales achievement bonus fund of $10,000 to be distributed at the year's end among it's four-person mutual fund sales force. The distribution is to be made in the same proportion as the amounts by which each person's sales exceed the basic quota of $500,000. How much bonus will each salesperson receive from the fund if the sales figures for the year were $910,000 for Alicia; $760,000 for Bob; $460,000 for Charles; $630,000 for Diana?
Answer by ikleyn(52847)   (Show Source): You can put this solution on YOUR website!
.

Step by step.

1.  You calculate exceed for each person.


2.  You exclude Charles from consideration, since his figure is below the basic quota (which means that his bonus is zero);


3.  Next you make long proportion for exceeds of the three remaining members.


4.  Finally, you distribute $10000 between A, B and D according  to this long proportion.


The last step is similar to what I presented to you in my previous solution/post at the link

https://www.algebra.com/algebra/homework/Systems-of-equations/Systems-of-equations.faq.question.1165272.html

https://www.algebra.com/algebra/homework/Systems-of-equations/Systems-of-equations.faq.question.1165272.html



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