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Lada Lada
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6 years ago
Abu sells mutual funds for CIBC. On mutual funds sales, CIBC charges a "front-end load" or gross commission rate of 5%. Abu is paid on a graduated commission structure. He receives 30% commission on the first $50 000 worth of mutual funds he sells in a month, 40% commission for the next $50 000 worth of mutual funds, and 75% commission on all additional sales in the same month. What is Abu's commission for a month in which he sells $150 000 worth of mutual funds?
A) $3625
B) $2250
C) $2700
D) $4500
E) $5625
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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rmaccararmaccara
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Lada Author
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Just got PERFECT on my quiz
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You make an excellent tutor!
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Correct Slight Smile TY
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