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Bond 4th Papers explanation needed!

Posted: Wed Jul 20, 2011 11:16 pm
by Zeezeemum
I was correcting my DD test paper 10 in the 4th Paper Bond series and can't understand how the answer of 350 was reached to the following question:-

25-27} For any sales above £15,000 Frances gets 5% commission. Here is a table of her sales for the last three years. How much commission does she get in each year?

Sales Commission
Year 1 £15000 £
Year 2 £25000 £
Year 3 £45000 £

My reasoning was she wouldn't get any commission in year 1 because her sales did not exceed £15000. The answer states £350. Am I missing something?
Any explanation would be welcome. Thanks

Re: Bond 4th Papers explanation needed!

Posted: Thu Jul 21, 2011 7:16 pm
by QUEENMA
Shouldn't the answer be 3500 ?

5% of 25000 = 1250
5% of 45000=2250
1250+ 2250 = 3500

I would also not calculate any commission for the 15000/-

Queenma

Re: Bond 4th Papers explanation needed!

Posted: Thu Jul 21, 2011 7:25 pm
by bulu
I think you have to use the information from the first section to get the answer. She would receive 2% on £10,000 and 3% on the £5,000 which makes £350.

I do find the wording of some of these questions a bit ambiguous!