Problem

Ron Company has the following commission schedule: Commission rateSales2%Up to $80,0003...

Ron Company has the following commission schedule:

Commission rate

Sales

2%

Up to $80,000

3.5%

Excess of $80,000 to $100,000

4%

More than $100,000

Calculate the gross earnings of Ron Company’s two employees:

Employee

Total sales

Gross earnings

Bill Moore

$ 70,000

 

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Solutions For Problems in Chapter 9