A salesman with an annual base salary of 30000 gets a 6 comm

A salesman with an annual base salary of $30,000 gets a 6% commission on the first $600,000 in sales, a 7% commission on the next $300,000, and 8% on sales above $900,000, what would be his total compensation for the year if he sold $1 million of product?

Solution

Total Compensation to salesman: Annual salary 30000 Commission: For first $600,000 @6% 36000 For Next $300,000 @7% 21000 For balance $ 100,000 @ 8% 8000 Total Compensation to salesman: 95000