Bill Is Paid on a Graduated Commission Scale of 1

question 86

Short Answer

Bill is paid on a graduated commission scale of 1% on his first $200,000 in sales, 2% on the next $300,000, and 4% on all additional sales in a month. What is Bill's average commission rate on monthly sales totalling $600,000?

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Definitions:

High-Performance Work System

An approach to organizational management that aims to improve employee performance and organizational outcomes through a variety of practices and policies.

Organizations

Structured groups of people with a particular purpose, such as businesses, governments, non-profits, and clubs.

Information Systems

Integrated sets of components for collecting, storing, and processing data and for providing information, knowledge, and digital products.

Access

The means or opportunity to approach, enter, or use something.