   Chapter 9.I, Problem 24RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Pamela Mello is paid on an incremental commission schedule. She is paid 2.6% on the first $60,000 and 3.4% on any sales over$60,000. If her weekly sales volume was $89,400, what was her total commission? To determine To calculate: The Pamela Mello’s total commission, if her weekly sales volume is$89,400. She works on an incremental commission schedule and gets paid 2.6% on the first $60,000 and 3.4% on sales over$60,000.

Explanation

Given Information:

The provided sales volume is $89,400 and Pamela gets paid 2.6% on the first$60,000 and 3.4% on sales over $60,000. Formula used: To calculate gross pay by incremental commission: Step 1. Calculate the pay at each level by multiplying the total sales and the commission rate for that level. Level pay=Sales per level×Commission rate Step 2. Calculate the total commission by adding the pays from each level. Calculation: As Pamela Mello’s sales volume is$89,400, commission rate is 2.6% for sales up to $60,000 and commission rate is 3.4% for sales more than$60,000,

So, she has commission rate 3.4% for sales of $89,400$60,000=$29,400. Now to find her total commission first find her level wise pay, To calculate level 1 pay, consider rate of commission and sales volume, 2.6% and$60,000

Apply the formula, Level pay=Sales per level×Commission rate:

Level 1 pay=$60,000×2.6%=$60,000×2.6100=$60,000×0.026 As, 60,000× 0.026_360 0001200 00 _1,560.000__ So, Level 1 pay=$1,560

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