Answer:
Commision may be defined as a percentage cut which an employee, broker, vendor, retailer or other persons within a sale chain receive from an employer or production firm for selling a good or offering a successful service based on agreed terms by both parties. ;
$18700
Step-by-step explanation:
Given :
Commision pattern :
5% on first $200,000
6% on remaining amount
Amount of commission on $345000
0.05 * 200000 = 10,000
0.06 * (345000 - 200000) = 8700
Total commission :
10,000 + 8700 = 18,700
