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Nitin Is Paid on a Graduated Commission Scale

question 177

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Nitin is paid on a graduated commission scale. He receives commission at the rate of 2.5% for the first $5,000 of sales in a week, 4% on the next $10,000, and 4.5% on all further sales. What is Nitin's average rate of commission in a week in which his sales are $30,000?


Definitions:

Enforce It

The act of ensuring compliance with laws, regulations, agreements, or measures.

Withdraw

The act of removing oneself from participation in an agreement, activity, or financial arrangement, or the act of taking back an offer or statement.

Contracts under Seal

Formal contracts which are validated by the seal of the signing party, symbolizing a deliberate intention to undertake obligations.

Soft Wax

A material used primarily for aesthetic purposes, such as enhancing the finish of wood or in hair removal procedures.

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