Problema Solution
Pamela Mello is paid on an incremental commission schedule. She is paid 2.6% on the first $60,000 and 3.4% on any sales over $60,000. If her weekly sales volume was $89,400, what was her total commission? (Points : 3)
Answer provided by our tutors
the total commission C is calculated by the formula
C = 2.6% of the first $60.000 + 3.4% of the amount above 60.000 that is 89.400 - 60.000
C = (2.6/100)*60000 + (3.4/100)*(89400-60000)
C = 0.026*60000 + 0.034*(89400-60000)
C = 1560 + 999.60
C = $2559.60