Marc is paid on a graduated commission scale. For the first $10,000 of sales his commission is 4.50%. On the next $15,000 he receives 7.50% commission, and 10.50% for all sales after that. What were Marc's sales in a month when he is paid $4,095? your answer(s) should be rounded to the nearest cent.
Marc is paid on a graduated commission scale. For the first $10,000 of sales his commission is 4.50%. On the next $15,000 he receives 7.50% commission, and 10.50% for all sales after that. What were Marc's sales in a month when he is paid $4,095? your answer(s) should be rounded to the nearest cent.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 3.2IP: Concert Opportunity Cost 2
You were able to purchase two tickets to an upcoming concert for $100...
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