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An insurance company has hired a sales representative, and has agreed to pay him a fixed salary of $2,000 per month, along with a commission
An insurance company has hired a sales representative, and has agreed to pay him a fixed salary of $2,000 per month, along with a commission of 2% on every sale made by him in a month. For the month of March, 20X1, the sales representative made a total sales of $15,000. Calculate the cost of the sales representative for the month.
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