Aley Company pays all its employees in a graduated commission scale: 3% on the first $30,000 sales, 5% on sales from $30,000 to $110,000, and 7% on sales more than $110,000. Jim Jones, an employee of Aley, has $130,000 in sales. What commission did Jim earn? Show

Jim made the full $30,000 for the first tier, so $30,000 x 3% = $900. He also made the full amount for the second tier. The amount of sales between $30,001 and $110,000 is $80,000 so take $80,000 x 5% = $4,000. Moving onto the third tier, Jim sold $20,000 over the $110,000 mark, so take $20,000 x 7% = $1,400. Add his commission amounts together, so $900 + $4,000 + $1,400 = $6,300.

Answer: $6,300

Ali Company pays all its employees a graduated commission scale: 2% on the first AED 30,000 sales, 4% on sales from AED 30,001 to AED 110,000, and 8% on sales more than AED 110,000. Rashid, an employee of Ali had AED 130,000 in sales. What commission did Rashid earn in AED?

Ali Company pays all its employees a graduated commission scale: 2% on the first AED 30,000 sales, 4% on sales from AED 30,001 to AED 110,000, and 8% on sales more than AED 110,000. Rashid, an employee of Ali had AED 130,000 in sales. What commission did Rashid earn in AED?

Well, Jim certainly knows how to sell! Let's crunch some numbers and calculate his commission.

Jim's sales amount is $130,000. According to the commission scale, he's eligible for different rates on different parts of his sales.

First, let's calculate the commission on the first $30,000 of sales, which is at a rate of 3%. That would be $30,000 multiplied by 0.03, resulting in a commission of $900.

Next, we need to calculate the commission on the portion of sales between $30,000 and $110,000. This range is $80,000. Since the commission rate for this range is 5%, we multiply $80,000 by 0.05, which gives us a commission of $4,000.

Finally, we move on to the last segment of Jim's sales, which is anything above $110,000. Jim's sales in this range is $130,000 - $110,000 = $20,000. The commission rate for this range is 7%, so we multiply $20,000 by 0.07, resulting in a commission of $1,400.

To find his total commission, we simply add up the commission from each sales range:

$900 + $4,000 + $1,400 = $6,300

Therefore, Jim's commission would be $6,300. Well done, Jim! Keep those sales rolling in!

To calculate the commission earned by Jim Jones, we need to follow the graduated commission scale set by Aley Company.

Step 1: Calculate the commission on the first $30,000 of sales.
Since Jim's sales are $130,000 and the first $30,000 is eligible for a 3% commission, we can calculate the commission on this amount as follows:
Commission on the first $30,000 = $30,000 * 3% = $900

Step 2: Calculate the commission on sales from $30,000 to $110,000.
The sales amount within this range is $110,000 - $30,000 = $80,000.
According to the graduated commission scale, the commission on this amount is 5%. So, we can calculate the commission as:
Commission on $80,000 = $80,000 * 5% = $4,000

Step 3: Calculate the commission on sales over $110,000.
The sales amount in this range is $130,000 - $110,000 = $20,000.
According to the graduated commission scale, the commission on this amount is 7%. So, we can calculate the commission as:
Commission on $20,000 = $20,000 * 7% = $1,400

Step 4: Calculate the total commission earned by Jim Jones.
To get the total commission, we need to sum up the commissions calculated in the previous steps:
Total Commission = Commission on the first $30,000 + Commission on $80,000 + Commission on $20,000
Total Commission = $900 + $4,000 + $1,400
Total Commission = $6,300

Therefore, Jim Jones earned a commission of $6,300.

Work in tiers.

If sales exceed the first tier: commission 30000*3%=$900
Subtract the first tier and calculate on the next:
130000-30000=100000
All of it goes on 7%, so
100000*5%=$5000
So he gets $5000+$900=$5900 in commission.