SOLUTION: Julio is paid on a graduated commission scale of 5% on the first $20 000 of sales in a month, 7.5% on the next $20 000 , and 10% on all additional sales. A) What is he paid for

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: Julio is paid on a graduated commission scale of 5% on the first $20 000 of sales in a month, 7.5% on the next $20 000 , and 10% on all additional sales. A) What is he paid for       Log On


   

Question 1201135: Julio is paid on a graduated commission scale of 5% on the first $20 000 of sales in a month, 7.5% on the next $20 000 , and 10% on all additional sales.
A) What is he paid for a month in which his sales are $54 880?
B) What single commission rate on all sales would result in the same
earnings for the month?
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
Julio is paid on a graduated commission scale of
5% on the first $20 000 of sales in a month,= $1000
7.5% on the next $20 000 , =$1500
54880-40000 =14880

and 10% on all additional sales.14880 =$1488
A) What is he paid for a month in which his sales are $54 880?
1000+1500+1488 =$3988
B) What single commission rate on all sales would result in the same
earnings for the month?
On 54880 he gets 3988
% = 100*3988/ 54880
7.27 %