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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-> 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(52835) (Show Source):
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
