Sales Amount Commission Rate 6 percent 8 percent 10 percent $0.01-$5,000 $5,000.01-$10,000 $10,000.01 and above
Sales Amount Commission Rate 6 percent 8 percent 10 percent $0.01-$5,000 $5,000.01-$10,000 $10,000.01 and above
COMPREHENSIVE MICROSOFT OFFICE 365 EXCE
1st Edition
ISBN:9780357392676
Author:FREUND, Steven
Publisher:FREUND, Steven
Chapter3: Working With Large Worksheets, Charting, And What-if Analysis
Section: Chapter Questions
Problem 2.5EYK
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Question
You have just started a sales job in a
department store. Your pay consists of a base salary and a commission. The base salary
is $5,000. The scheme shown below is used to determine the commission rate.
Note that this is a graduated rate. The rate for the first $5,000 is at 6%, the next
$5000 is at 8%, and the rest is at 10%. If your sales amounts to $25,000, the commission
is 5,000 * 6% + 5,000 * 8% + 15,000 * 10% = 2,200. Your goal is to
earn $30,000 a year. Write a
in order to make $30,000.
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