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13 August, 10:27

A salesman's commission is 5% on the first $10,000 in sales and 3% on the remaining amount in sales beyond the first $10,000. If the total sales were $50,000, find the commission earned by the salesman.

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  1. 13 August, 13:02
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    He earns 5% of the first 10,000 therefore:

    10,000 * 0.05 = $500

    And another 3% for those beyond $10,000 (he is left with 50,000 - 10,000 = $40,000)

    40,000 * 0.03 = $1,200

    Therefore the total commission is:

    $500 + $1,200 = $1,700
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