Answer: $ 1,560
Explanation:
Rate of Commission is as follows:
4% on first $5,000
8% on next $ 5,000
and 12% on next $10,000
Therefore, on sale of $18,000 , total commission would be:
4% on $5000 = 4/100*5000 = $200
8% on $5000 = 8/100*5000 = $400
12% on $8000 = 12/100*8000 = $960
Total Commission = $200 + $ 400 $ 960 = $ 1560
Hope it helps.
Thank you..!!