Math Problem Statement

A salesperson will receive a graduated commission that pays them 2.4% on the first $100,000 in sales, 3.2% on the next $200,000, and 4.7% on additional sales in a month. What is the average commission rate on sales for a month totaling?

Solution

To find the average commission rate on a total sales amount, we can break down the sales into the appropriate ranges and apply the corresponding commission percentages. Let's assume the total sales for the month are SS. Here is how we approach the problem:

Given commission structure:

  1. 2.4% on the first $100,000 in sales.
  2. 3.2% on the next $200,000.
  3. 4.7% on sales beyond $300,000.

Let’s calculate the total commission and average commission rate step-by-step based on different total sales amounts. Please provide the total sales amount for a specific month, or if you'd like, I can work out a general example first.

Do you want me to continue with an example, or would you prefer to provide a specific sales amount for calculation?

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Math Problem Analysis

Mathematical Concepts

Percentage Calculations
Weighted Averages
Piecewise Functions

Formulas

Commission on first $100,000 = 100,000 * 2.4%
Commission on next $200,000 = 200,000 * 3.2%
Commission on additional sales (S > $300,000) = (S - 300,000) * 4.7%
Total Commission = Commission1 + Commission2 + Commission3
Average Commission Rate = (Total Commission) / (Total Sales)

Theorems

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Suitable Grade Level

Grades 9-12