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1.7 – Graduated Commission

1.7 – Graduated Commission. Objective: Students will be able to calculate the total graduated commission. Vocab. graduated commission (p. 106) Pay in which the commission rate is different for different levels of sales. Total Graduated = Sum of Commissions

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1.7 – Graduated Commission

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  1. 1.7 – Graduated Commission Objective: Students will be able to calculate the total graduated commission

  2. Vocab graduated commission (p. 106) Pay in which the commission rate is different for different levels of sales. Total Graduated = Sum of Commissions Commission for All Levels of Sales

  3. Example 1 You sell appliances at Twin City Sales. You receive a graduated commission as shown: 4% First $1,000 6% Next $2,000 8% Over $3,000 Your sales for the past month totaled $9,840. What is your commission for the month?

  4. Solution • Step: Find the sum of commission for all levels of sales. • Sales × Commission Rate • First $1,000 $1,000 × 4% = $ 40.00 • Next $2,000 $2,000 × 6% = 120.00 • Over $3,000 ($9,840–$3,000) × 8% • $6,840 × 8% = 547.20 • Total Graduated Commission $707.20

  5. Assignment • P. 107 1-18all, skip 9

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