Tom selis mutual funds on a graduated commission structure. He receives 3.1% on the first $40,000 of sales in a month 4.2% on the next $40,000, and 5.3% on all further sales. What are his gross earnings for a month in which he sells $140,000 worth of mutual funds

 

Answer rating: 100% (QA)

SOLUTION To calculate Toms gross earnings we need to break down the sales ... View the full answer