Problema Solution
Jones Co. pays its employees on a graduated commission scale: 2% on first $30,000; 3% on sales from $30,000 to $60,000; and 5% on sales greater than $60,000. If Rick Wise, an employee of Jones, had sales of $92,000, what commission did he earn?
Answer provided by our tutors
Since 92,000 > 60,000 the commission is 5% of $92,000:
0.05*92000 = $4,600