What is his total commission?

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Manuel Romo sells tires at the local shopping mall. Romo earns 20% commission on the first $500, 25% one the next $1,000 and 30% on sales over $1,500. Last weekend he sold $2,750 worth of tires. What is his total commission?

 

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Commission refers to the amount that a salesperson is able to generate after achieving a specified target i.e. a percentage of specified sale. Through commission, a salesperson is able to earn extra money by achieving a targeted sales percentage as a bonus on the total pay.

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