7. Miguel Valdez sells appliances. He is paid an 8% commission on the first $5,000 worth of sales, 10% on the next $5,500, and 15% on all sales over $10,500. What is his commission on $14,910 worth of sales?

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
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7. Miguel Valdez sells appliances. He is paid an 8% commission on
the first $5,000 worth of sales, 10% on the next $5,500, and 15%
on all sales over $10,500. What is his commission on $14,910
worth of sales?
Cho Casaki demonstrates microwave ovens at the National
ome Show. She is pan-
CHSLdOMonstrations
Commission for a day in ware:he makes 12 denonstrations?
Transcribed Image Text:7. Miguel Valdez sells appliances. He is paid an 8% commission on the first $5,000 worth of sales, 10% on the next $5,500, and 15% on all sales over $10,500. What is his commission on $14,910 worth of sales? Cho Casaki demonstrates microwave ovens at the National ome Show. She is pan- CHSLdOMonstrations Commission for a day in ware:he makes 12 denonstrations?
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