Question

A salesman sells a stove for $12 000. If he

is paid a commission of 7.5% for the first $10 000 and 4.5% on the remainder, then the commission he receives is

Answer 1

$570

Explanation:

Sales Value: $12,000.

Set up a table with the information provided. Then calculate the separate commission payouts, based on the sales value. The payout is (Sales Value)*(Rate Percentage) = Commission.

Commission Range($) Rate (%) Paid For($) Commission($)

`\leq` 1,000 7.5 1,000 75

> 10,000 4.5 11,000 495

12,000 570

The salesman receives (is due) $570.