A salesman's commission is 5% on the first $10,000 in sales and 3% on the remaining amount in sales beyond the first $10,000. If the total sales were $50,000, find the commission earned by the salesman.

Question

Mathematics

Maddison Rhodes

6 November, 01:07

A salesman's commission is 5% on the first $10,000 in sales and 3% on the remaining amount in sales beyond the first $10,000. If the total sales were $50,000, find the commission earned by the salesman.

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Answers (1)

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Honey Locks · Answer 1

He earns 5% of the first 10,000 therefore:

10,000 * 0.05 = $500

And another 3% for those beyond $10,000 (he is left with 50,000 - 10,000 = $40,000)

40,000 * 0.03 = $1,200

Therefore the total commission is:

$500 + $1,200 = $1,700