Renne Fumo sells sports equipment. She is paid a commission of 4 % of her first $1500 in sales during the week and 9% on all sales over $1500. What is her commission in a week in which she sells $2354 worth of sports equipment?

Renne Fumo sells sports equipment. She is paid a commission of 4 % of her first $1500 in sales during the week and 9% on all sales over $1500. What is her commission in a week in which she sells $2354 worth of sports equipment?

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

**Problem 3:**

Renne Fumo sells sports equipment. She is paid a commission of 4.5% on her first $1500 in sales during the week and 9% on all sales over $1500. What is her commission in a week in which she sells $2354 worth of sports equipment?

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Expert Solution

Given Details:

Commision for first $1500 sales is 4.5%

Commision on sales above $1500 sales is 9%

Total sales for this week is $2354

To Find:

Total Commision

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