A broker receives a 1% commission on the first $ million of her sales. On each...
A broker receives a 1% commission on the first $ million of her sales. On each next $ million of her sales, the dollar value of the commission rises by 20%. What is the broker's total commission if her total sales are $3,200,000?
Homework Answers
Total Commission = 1,000,000 * 1% + ( 1%*120%) * ( 1,000,000) + ( 1.2% *120%) * (1,000,000) + (1.44 *120%) *( 200,000)
= $39856
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A broker receives a 1% commission on the first $ million of her
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