. Pamela Mello is paid on an incremental commission schedule. She is paid 2.6% on the first $60,000 and 3.4% on any sales over $60,000. If her weekly sales volume was $89,400, what was her total commission? (Points : 3)
To calculate Pamela Mello's total commission, we need to determine the commission on the first $60,000 and the commission on the remaining sales volume.
Step 1: Calculate the commission on the first $60,000.
Commission on the first $60,000 = 2.6% of $60,000
= 0.026 * $60,000
= $1,560
Step 2: Calculate the commission on the remaining sales volume ($89,400 - $60,000 = $29,400).
Commission on the remaining sales volume = 3.4% of $29,400
= 0.034 * $29,400
= $999.60
Step 3: Calculate the total commission.
Total commission = Commission on the first $60,000 + Commission on the remaining sales volume
= $1,560 + $999.60
= $2,559.60
Therefore, Pamela Mello's total commission was $2,559.60.
To find Pamela Mello's total commission, we need to calculate the commission on the first $60,000 and the commission on any sales over $60,000 separately, and then add them together.
First, let's find the commission on the first $60,000. Pamela is paid 2.6% on this amount. To calculate the commission, we multiply $60,000 by 0.026 (which is the decimal representation of 2.6%):
Commission on first $60,000 = $60,000 * 0.026
Next, let's find the commission on any sales over $60,000. Pamela is paid 3.4% on this amount. In this case, her weekly sales volume is $89,400, but since the first $60,000 is already accounted for, we only need to calculate the commission on the remaining amount. So, we subtract $60,000 from $89,400:
Sales over $60,000 = $89,400 - $60,000
Now, we calculate the commission on the sales over $60,000 by multiplying the remaining sales amount by 3.4%:
Commission on sales over $60,000 = (Sales over $60,000) * 0.034
Finally, to find the total commission, we add the commission on the first $60,000 and the commission on the sales over $60,000:
Total commission = Commission on first $60,000 + Commission on sales over $60,000
By plugging in the values into the calculations, we can get the answer.
C = 0.026*60000 + 0.034*(89400-60000)
C = 1560 + 999.60 = $2559.60.