11
QuizMultiple Choice

Planning for the Cost of College — Unit test

Question 11 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Pete earns graduated commission on his sales each month. He earns 7% commission on the first $35,000 in sales and 9% on anything over that. If Pete had $43,000 in sales this month, how much commission did he earn?

Answer
A
$2,610
B
$3,170
C
$3,870
D
$6,880

Explanation

Pete earns 7% on the first $35,000: 0.07 × $35,000 = $2,450. The remaining $8,000 earns 9%: 0.09 × $8,000 = $720. Adding the commissions gives $2,450 + $720 = $3,170, so the correct choice is $3,170.

AI-written and checked against the verified answer.

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