Incentive plan. A small company provides an incentive plan for its top executives. Each executive receives as a bonus a percentage of the portion of the annual profit that remains after the bonuses for the other executives have been deducted (see the table). If the company has an annual profit of $ 2 million, find the bonus for each executive. Round each bonus to the nearest hundred dollars.
Incentive plan. A small company provides an incentive plan for its top executives. Each executive receives as a bonus a percentage of the portion of the annual profit that remains after the bonuses for the other executives have been deducted (see the table). If the company has an annual profit of $ 2 million, find the bonus for each executive. Round each bonus to the nearest hundred dollars.
Solution Summary: The author calculates the bonus of each executive in the form of percentage of the portion of annual profit that remains after the bonuses for the other executives are deducted.
Incentive plan. A small company provides an incentive plan for its top executives. Each executive receives as a bonus a percentage of the portion of the annual profit that remains after the bonuses for the other executives have been deducted (see the table). If the company has an annual profit of
$
2
million, find the bonus for each executive. Round each bonus to the nearest hundred dollars.
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