Julio Is Paid on a Graduated Commission Scale of 5

question 294

Short Answer

Julio is paid on a graduated commission scale of 5% on the first $20,000 of sales in a month, 7.5% on the next $20,000, and 10% on all additional sales. a) What will he be paid for a month in which his sales are $54,880? b) What single commission rate on all sales would result in the same earnings for the month?

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Definitions:

Emotions

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Researchers

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Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others.

IQ of Managers

Describes the intelligence quotient, a measure of cognitive abilities, of individuals in managerial positions.