Question
Monarch Industries sets target levels for its commissioned employees. On the first $125,000.00 of sales, Patrice Boyer receives 6.5% commission. On sales exceeding $125,000.00, up
Monarch Industries sets target levels for its commissioned employees. On the first $125,000.00 of sales, Patrice Boyer receives 6.5% commission. On sales exceeding $125,000.00, up to and including $200,000.00, he receives 8.5% commission; for sales in excess of $200,000.00 to 2,50,000, Patrice receives 12.5% commission. Calculate Patrices commissions for the first quarter of the year, on a monthly basis.
Commission = Zero to first target x first percentage rate + amount in excess of first target up to beginning of second target x second percentage rate + amount in excess of second target x third percentage rate
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