Question

Commission: 10 percent on first $5,000; 15% over $5,000. Find the total graduate commission on $22,000.

Answer 1

Based on the information about the percentage, the commission that will be paid will be $3050.

How to solve percentage

From the information given, it was stated that there's a 10 percent on first $5,000 and 15% over $5,000.

The total graduate commission on $22,000 will be:

= (10% × $5000) + (15% × $17000)

= (0.1 × $5000) + (0.15 × $17000)

= $500 + $2550

= $3050

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