Tom sells mutual funds on a graduated commission structure. He receives 3.3% on the first $50,000 of

Question:

Tom sells mutual funds on a graduated commission structure. He receives 3.3% on the first $50,000 of sales in a month, 4.4% on the next $50,000, and 5.5% on all further sales. What are his gross earnings for a month in which he sells $140,000 worth of mutual funds?

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