Question

Financial Algebra

Ricky earns graduated commission on his sales each month. He earns 7% commission on the first $33,000 in sales and 9% on anything over that. if Ricky had 54,000 in sales this month, how much commission did he earn

Answer 1

$4,200

Explanation:

First let's find the total commission from the first $33,000

33,000 x 0.07 = 2,310

Now we have to find the commission from the remaining sales

54,000 - 33,000 = 21,000

21,000 x 0.09 = 1,890

Now add em up

2310+ 1,890 = 4,200