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Can someone explain how the calculation is executed in the if else statements? I am especially confused with the else if and else statements? Where

Can someone explain how the calculation is executed in the if else statements? I am especially confused with the else if and else statements? Where is the 50 coming from in this expression? (50 * PERC_50_OR_LESS) and why are we doing this statement here + ((sellPrice - 50) * PERC_50_TO_1000);

the same thing with the else statement. please explain in detail.

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