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Abu sells mutual funds for CIBC. On mutual funds sales, CIBC charges a front - end load or gross commission rate of 5 % .

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Abu sells mutual funds for CIBC. On mutual funds sales, CIBC charges a "front-end load" or gross commission rate of 5%. Abu is paid on a graduated commission structure. He receives 30% commission on the first $50000 worth of mutual funds he sells in a month, 40% commission for the next $50000 worth of mutual funds, and 75% commission on all additional sales in the same month. What is Abu's commission for a month in which he sells $150000 worth of mutual funds?
Select one:
A. $2700
B. $3625
C. $5625
D. $2250
E. $4500
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