Answer:
<em>The total commission is: $840 + $1,120 + $672 = $2,632</em>
Step-by-step explanation:
<u>Multi-Level Commissions</u>
For sales less than $7,000, a company pays a 12% commission.
For sales between $7,000 and $15,000, the company pays 14%.
For sales greater than $15,000, the company pays 15%.
Let's calculate the commission on sales of $19,480.
For the first $7,000, the commission is:
12*7,000/100 = $840
The remaining sales base is now $19,480-$7,000 = $12,480
For the portion of $8,000 between $7,000 and $15,000, the commission is:
14*$8,000/100 = $1,120
The remaining sales base is now $12,480 - $8,000= $4,480
This portion gets the final 15%:
15*$4,480/100 = $672
The total commission is: $840 + $1,120 + $672 = $2,632
