Tom sells mutual funds on a graduated commission structure. He receives 3.3% on the first 50,000 of sales in a month, 4.4% on the next $50,000, and 5.5% on all further sales. What are his gross earnings for a month in which he sells $140,000 worth of mutual funds?
Tom sells mutual funds on a graduated commission structure. He receives 3.3% on the first 50,000 of sales in a month, 4.4% on the next $50,000, and 5.5% on all further sales. What are his gross earnings for a month in which he sells $140,000 worth of mutual funds?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Tom sells mutual funds on a graduated commission structure. He receives 3.3% on
the first 50,000 of sales in a month, 4.4% on the next $50,000, and 5.5% on all
further sales. What are his gross earnings for a month in which he sells $140,000
worth of mutual funds?
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