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5.8 Mathematical Models in Personal Income

EQ: Can you calculate your paycheck for a sales job?

Notes:
Straight Commission: Pay = (Commission Rate) * Sales
Base Salary plus Commission: Pay = Base Pay + (Commission Rate) * Sales
Base Salary plus Commission over a Minimum Sales Amount:
Pay = Base Pay + (Commission Rate) * (Sales Amount more than the Minimum)

Prep work: Textbook: p264(1-8, 11-14, 21)

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