**Problem: Calculating Total Commission**Myron Sherzer, an appliance salesperson, has the following commission structure:- 8% commission on the first $2200 of sales.- 12% commission on sales over $2200.Given that Myron's total sales amount to $4350, calculate his total commission.**Solution Approach:**1. **Calculate Commission on the First $2200:** - Apply 8% commission rate to the first $2200. - Commission = $2200 x 0.082. **Calculate Commission on Sales Over $2200:** - Determine the amount over $2200. - Sales over $2200 = $4350 - $2200 - Apply 12% commission rate to this amount. - Commission = (Sales over $2200) x 0.123. **Calculate Total Commission:** - Total commission = Commission on first $2200 + Commission on sales over $2200.**Final Solution:**Perform the calculations to find out Myron Sherzer's total commission based on his sales performance and the given commission rates.

total commission = 8% of 2200 + 12% of (4350 - 2200) total commission = 176 + 258

Answered: Myron Sherzer, appliance sales. 8%…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

want both answer fast
D: How much gross margin did the company earn in December? (Round percentage answer to 2 decimal places, e.g. 52.75%.) Gross margin $enter percentages rounded to 2 decimal places Gross margin percentage enter percentages rounded to 2 decimal places % If Michelle had a goal of earning a 35% gross margin, did she reach her goal?select an option , she select an option reach her goal, because enter percentages rounded to 2 decimal places % is select an option than her goal of 35%.
I need a detailed explanation of how you got the answer NOT just the answer please. Please see attached image for question. Thank you.
K A store manager paid $180 for an item and set the selling price at $252.00. What was the percent markup? OA. 38% B. 28% 39% 40% O C. D.
Marathon sports
A wholesaler sells a guitar for $1,427.40. What is the percent markup based on cost if the wholesaler paid $780 for the guitar? % Need Help? Read It Watch It Master It
If the sales revenue 830 000 ID, - 10 sales returns 12 000 ID , sales allowance and discount 28 000 ID ,the net sales is 709 000 ID . ) 790 000 ID. O 970 000 ID . O :-
Sandhill Departmental Stores management has forecasted a growth rate of 40 percent for the next two years, followed by growth rates of 25 percent and 20 percent for the following two years. It then expects growth to stabilize at a constant rate of 7.5 percent forever. The firm paid a dividend of $3.90 recently. If the required rate of return is 14 percent, what is the current value of Sandhill's stock? (Round all intermediate calculations and final answer to 2 decimal places, e.g. 15.25.) Current value $Type your answer here
29. A salesman gets P10,000 commission on a sale of a certain item. This amount raised his average commission by P1,100. If his new average commission is P4,500, what is his total commission? DES 8 Indo A. P31000 C. P25000 P27000 ar 68 8 jaal zit ni soyoni al 25m B. P29000 D. paibuloni (2x AVOY
Question 28 Use the following information to calculate figures in the table below. Manufacturer: S 60 net selling price. Marks up (Wholesaler: $ 20, Retailer: $ 40) Applicable VAT: 30% Calculation Manufacturer Wholesaler Retailer Customer Net VAT paid by the Manufacturer is: Net cost of sales Mark up Net selling price S 60 S 80 $ 120 VAT chargeable (309%) Gross selling price Accounting for VAT Due to Customs and Excise Recoverable from Customs and Excise subtract) Net VAT Paid by
PROVIDE Answer
Need answer

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

Myron Sherzer, appliance sales. 8% commission on first $2200. 12% commission on sales over $2200. $4350 total sales. What is his total commission?