Sheila is a life insurance agent. Her company pays her based on the annual premiums of the customers that purchase life insurance policies. In the last month, Sheila's new customers purchased policies worth annually. If she receives commission on the first of premiums and on the rest, what are her total gross earnings for the month?
Added by Manpreet Kaur S.
Step 1
Step 1: Calculate the commission Sheila earns on the first $10,000 of premiums: Commission on first $10,000 = $10,000 * 10% = $1,000 Show more…
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