31.5k views
4 votes
A graduated commission employee makes 3.5% interest on the first $50,000 in sales and 6.5% interest on all sales over $50,000. Which of the following expressions represents the employee’s total earnings on $81,500 in sales? a. (0.035)(50,000) + (0.065)(81,500) b. (0.035)(50,000) + (0.065)(31,500) c. (0.35)(50,000) + (0.65)(31,500) d. (3.5)(50,000) + (6.5)(31,500)

User Sunni
by
8.2k points

2 Answers

5 votes
I believe the answer is B
User Kerrigan
by
8.0k points
7 votes

Answer:

b. (0.035)(50,000) + (0.065)(31,500)

Explanation:

Given, there is an interest of 3.5% on the first $50,000 in sales,

So, the earning for first sale = 3.5% of 50000 = 0.035(50,000)

Now,

Total amount of sale = $ 81,500,

Thus, the amount of second sale = $ 81,500 - $ 50,000 = $ 31, 500,

Here, there is an interest of 6.5% on second sale,

So, the earning in second sale = 6.5 % of 31, 500 = 0.065(31,500)

Hence, the total earning on both sales = 0.035(50,000) + 0.065(31,500)

Option 'b' is correct.

User Johannes Lumpe
by
8.2k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.