A fee can be either a fixed amount or a percent of
an amount
A. Yuan is an insurance salesman who makes a base
monthly salary of $1,500 with a commission of 1%
of the value of each policy he sells. In addition, each
time his client makes an investment transaction, Yuan
receives a $5.00 service fee.
This month, Yuan sells one policy valued at $50,000,
and his client makes 4 investment transactions. How
much does Yuan earn this month?
Total earnings
Base
salary
Amount of
Commission
Earnings from
service fees
= 1,500
+50,000 (
)+ 5(
)
Yuan's total earnings this month are $