Out of $450 the agent earned , $250 is his base
salary.
So the extra herned is $(450-250) =
$200.
Therefore the extra $200 is due to the earning of
selling more than 10 policies or more than 50 policies.
So
selling more than 10 up to 50 policies the earning he gets = (50-10)*2 = 80
dolars.
But he earned 200 dollars
extra.
So he has earned $(200-80) = $120 on account selling
more than 50 polies. If he sells more than 50 policies, he earns 3 dollars , ona ccount
of exceeding both 10 and 50 limits.
So the number of
policies above he should sell to the extra $120 = 120/3 =
40.
Thereforee in all he should sell 50+40 = 90 policies to
earn $450.
The components of
earnings:
Base earnung =
$250
Extra eanings for 90
policies:
First 10 : nill
11
to 50: 40*2 = $80
51 to 90 : 40*3 =
$120
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