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 . Here is how we approach the problem:
Given commission structure:
- 2.4% on the first $100,000 in sales.
- 3.2% on the next $200,000.
- 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
-
Suitable Grade Level
Grades 9-12
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