As an art reseller, John is paid on the basis of sales made in the following manner
6% of the first $20 000
2% of the next $80 000
0.8% on the remainder
Find john's earnings to the nearest dollar on the following sale:
$75000
______________________________________…
what I did so far
6% x 20 000 = $1200
0.8% x 55000 = $440
$1200 + $440 = $1640
but the answer is not correct
6% of the first $20 000
2% of the next $80 000
0.8% on the remainder
Find john's earnings to the nearest dollar on the following sale:
$75000
______________________________________…
what I did so far
6% x 20 000 = $1200
0.8% x 55000 = $440
$1200 + $440 = $1640
but the answer is not correct
-
6% x 20,000 = $1,200
2% x 55,000 = $1,100
$1,200 + $1,100 = $2,300 commission
(The .08% doesn't start until a sales is over $100,000)
2% x 55,000 = $1,100
$1,200 + $1,100 = $2,300 commission
(The .08% doesn't start until a sales is over $100,000)
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Hi,
As an art reseller, John is paid on the basis of sales made in the following manner
6% of the first $20 000
2% of the next $80 000
0.8% on the remainder
Find John's earnings to the nearest dollar on the following sale:
$75000
.06 x 20,000 + .02 x 55,000 = $2,300 <==ANSWER
I hope that helps!! :-)
As an art reseller, John is paid on the basis of sales made in the following manner
6% of the first $20 000
2% of the next $80 000
0.8% on the remainder
Find John's earnings to the nearest dollar on the following sale:
$75000
.06 x 20,000 + .02 x 55,000 = $2,300 <==ANSWER
I hope that helps!! :-)
-
6% of 20,000 = $1,200
2% of the remaining $55,000 = $1,100
The total is $2,300
There wasn't enough earned to get to the 3rd level of .8%
2% of the remaining $55,000 = $1,100
The total is $2,300
There wasn't enough earned to get to the 3rd level of .8%
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0.06*20000 + 0.02*(75000-20000) = 0.06*20000 + 0.02*55000 = 1200 + 1100 = $2300
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you need to multiply 55000 by 2% instead of .8%