commission: 5 percent first $2,000.00; 8 percent over $2,000.00. find the total graduated commission on…
commission: 5 percent first $2,000.00; 8 percent over $2,000.00. find the total graduated commission on $7,740.00.
Answer
Explanation:
Step1: Calculate commission on first $2000
$2000\times 0.05$
Step2: Calculate amount over $2000
$7740 - 2000=5740$
Step3: Calculate commission on amount over $2000
$5740\times 0.08$
Step4: Calculate total commission
$(2000\times 0.05)+(5740\times 0.08)$ $=100 + 459.2$ $=559.2$
Answer:
$559.2$