00:01
The problem says that a commission of 5 .5 % is earned by millenie on her monthly sales up to $10 ,000.
00:14
For the next $12 ,000, the rate increases to 7 % and over a sales above $22 ,000 ,000, earns 8 % commission.
00:38
If the monthly sales by the millennia is $37 ,000, then we need to calculate the commission earned by millenni.
00:50
So first of all, let's calculate the commission earned on first $10 ,000 and this is equals to 5 .5 % of 10 ,000.
01:08
So we can write 5 .5 over 100 times 10 ,000 on further simplifying we get $550.
01:20
Now let's calculate the commission earned on next $12 ,000 and this is equals to 7 over 100 times $12 ,000.
01:41
Now let's calculate the remaining amount and this is equals to 37 ,000 minus 10 ,000 minus 12 ,000.
02:02
On further simplifying, we get $15 ,000...