Question 255636: Samson Corporation pays its employees on a graduated commission scale; 5% on the first $50,000 of sales, 5.5% on sales above $50,00.00 to $75,000.00, and 6% on sales over $75, 000.00. Gary's total sales for the fourth quarter were $192,500.00. What was Gary's commision?
Answer by Theo(13342)   (Show Source):
You can put this solution on YOUR website! gary's total sales were $192,500.
he gets 5% on the first $50,000.
he gets 5.5% on the next $25,000.
he gets 6% on the rest.
the rest is $192,500 - $75,000 = $117,500
5% of $50,000 = .05 * $50,000 = $2,500.
5.5% of $25,000 = .055 * $25,000 = $1,375.
6% of $117,500 = .06 * $117,500 = $7,050.
Gary's total commission is equal to $2,500 + $1,375 + $7,050 = $10,925.
$50,000 + $25,000 + $117,500 = $192,500.
|
|
|
