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Denim Company offers sales people the following commission structure, with commission being paid monthly: 1.00% on the first $4,000 they sell, 4.00% on the next $2,000 they sell, and 4.50% thereafter on all sales they make. Erica, a new sales representative, made sales of $5,000 in her first month, $7,000 in her second month, and $6,200 in her third month. a. What were her total commissions for the first three months? Round to the nearest cent b. What single commission rate would represent her total earnings throughout the first 3 months? %

Denim Company offers sales people the following commission structure, with commission being paid monthly: 1.00% on the first $4,000 they sell, 4.00% on the next $2,000 they sell, and 4.50% thereafter on all sales they make. Erica, a new sales representative, made sales of $5,000 in her first month, $7,000 in her second month, and $6,200 in her third month. a. What were her total commissions for the first three months? Round to the nearest cent b. What single commission rate would represent her total earnings throughout the first 3 months? %

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Denim Company offers sales people the following commission structure, with commission being paid monthly: 1.00% on the first $4,000 they sell, 4.00% on the next $2,000 they sell, and 4.50% thereafter on all sales they make. Erica, a new sales representative, made sales of $5,000 in her first month, $7,000 in her second month, and $6,200 in her third month. a. What were her total commissions for the first three months? Round to the nearest cent b. What single commission rate would represent her total earnings throughout the first 3 months?
Transcribed Image Text:Denim Company offers sales people the following commission structure, with commission being paid monthly: 1.00% on the first $4,000 they sell, 4.00% on the next $2,000 they sell, and 4.50% thereafter on all sales they make. Erica, a new sales representative, made sales of $5,000 in her first month, $7,000 in her second month, and $6,200 in her third month. a. What were her total commissions for the first three months? Round to the nearest cent b. What single commission rate would represent her total earnings throughout the first 3 months?
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