**Commission Calculation Problem****Problem Statement:**Teresa Barnes demonstrates smoke detectors for Zook Hardware Company. She is paid $5 per demonstration for the first 20 demonstrations given during a week and $9 for each demonstration over 20. What is her commission for a week in which she gives 26 demonstrations?**Solution Explanation:**1. **Calculate Payment for First 20 Demonstrations:** - Rate: $5 per demonstration - Number of demonstrations: 20 - Total for first 20 demonstrations = 20 x $5 = $1002. **Calculate Payment for Additional Demonstrations Above 20:** - Additional demonstrations: 26 - 20 = 6 - Rate for additional demonstrations: $9 per demonstration - Total for additional demonstrations = 6 x $9 = $543. **Calculate Total Commission:** - Total commission = $100 (first 20) + $54 (additional) = $154Therefore, Teresa Barnes earns a commission of $154 for the week in which she gives 26 demonstrations.

Payment per first 20 demonstrations = 5 Payment per demonstration over 20 = 9 Total Demonstrations =…

Answered: 7. Teresa Barnes demonstrates smoke…

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

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7. Teresa Barnes demonstrates smoke detectors for Zook Hardware Company. She is paid $5 per demonstration for the first 20 demonstrations given during a week and $9 for each demonstration over 20. What is her commission for a week in which she gives 26 demonstrations?