The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,800.00 plus an incremental commission based on the table below. If Sally sells $25,700.00, what is her total gross pay for the month? Level Sales Volume Commission Rate 1 9,100–17,600 4.1% 2 Over 17,600 5% a) $2,926.60 b) $3,026.60 c) $3,126.60 d) $3,226.60
The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,800.00 plus an incremental commission based on the table below. If Sally sells $25,700.00, what is her total gross pay for the month? Level Sales Volume Commission Rate 1 9,100–17,600 4.1% 2 Over 17,600 5% a) $2,926.60 b) $3,026.60 c) $3,126.60 d) $3,226.60
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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The Monty Corporation has a staff of sales people who are paid a monthly salary of $1,800.00 plus an incremental commission based on the table below. If Sally sells $25,700.00, what is her total gross pay for the month?
| Level | Sales Volume | Commission Rate |
|---|---|---|
| 1 | 9,100–17,600 | 4.1% |
| 2 | Over 17,600 | 5% |
a) $2,926.60
b) $3,026.60
c) $3,126.60
d) $3,226.60
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