A salesperson receives step commission on sales calculated as follows: 8% on first $1,000 12% next $2,000 20% on sales above 3,000 Calculate the salesperson’s earning in one week if their sales were as follows: Monday-$1500 Tuesday-$3000 Wednesday-$970.00 Thursday-$4563.81 Friday- $2760.42
A salesperson receives step commission on sales calculated as follows: 8% on first $1,000 12% next $2,000 20% on sales above 3,000 Calculate the salesperson’s earning in one week if their sales were as follows: Monday-$1500 Tuesday-$3000 Wednesday-$970.00 Thursday-$4563.81 Friday- $2760.42
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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A salesperson receives step commission on sales calculated as follows:
8% on first $1,000
12% next $2,000
20% on sales above 3,000
Calculate the salesperson’s earning in one week if their sales were as follows:
Monday-$1500
Tuesday-$3000
Wednesday-$970.00
Thursday-$4563.81
Friday- $2760.42
Expert Solution
Step 1 given data
sales calculated as follows
8%on first 1000
12% next 2000
20% on sales above 3000
salespersons earnings in one week are
Monday 1500
Tuesday-$3000
Wednesday-$970.00
Thursday-$4563.81
Friday- $2760.42
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