4. Wilbur Schuch sells farm chemicals. He is paid a commission of 8% of his first $6000 in sales during the month and 12% on all sales over $6000. What is his commission in a month in which he has sales worth $14,680?

4. Wilbur Schuch sells farm chemicals. He is paid a commission of 8% of his first $6000 in sales during the month and 12% on all sales over $6000. What is his commission in a month in which he has sales worth $14,680?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

4. Wilbur Schuch sells farm chemicals. He is paid a commission of 8% of his first
$6000 in sales during the month and 12% on all sales over $6000. What is his
commission in a month in which he has sales worth $14,680?
5. TeAxclrod sells appliances fo McKennyAppliance Store. He Is pad an 8%
COMMISSION ON THI===
2500

Expert Solution

Inputs

Commission % of first 6000 of sales = 8%

Commission % of sales over 6000 = 12%

Sales = 14,680

Sales Mark = Threshold = 6000

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