I'm having some trouble figuring this question out. Can any one help me figure it out.
Commission: 5 percent first $2,000.00; 8 percent over $2,000.00. Find the total graduated commission on $7,740.00. [_____]
2000 x 5% = 2000 x .05 = $100 PLUS
5740 x 8% = 5740 x .08 = 459.20
total commission = 100 + 459.2 = $559.20
2000 x 5% = 2000 x .05 = $100 PLUS
5740 x 8% = 5740 x .08 = 459.20
total commission = 100 + 459.2 = $559.20