Answer:
His total commission was: $2,960
Explanation:
The commissions that Michael Fenton earns by selling plumbing supplies to contractors has three levels:
On the first $15,000 in sales, he earns 3%
On the next $15,000 in sales, he earns 5%
Over $30,000 in sales, he earns 8%.
Last month he sold $52,000 worth of plumbing supplies. His commissions will be calculated according to the levels reached:
The first $15,000 gave him 3%*15,000=0.03*15,000=$450
From the $52,000 sales, there remains $52,000 - $15,000 = $37,000 for the next levels.
The next $15,000 gave him 5%*15,000=0.05*15,000=$750
Now $37,000 - $15,000 = $22,000 remain for the last level.
Michael earned 8% of $22,000 = 0.08*22,000 = $1,760
His total commission was: $450 + $750 + $1,760 = $2,960