78.7k views
24 votes
And insurance agent receives 15% of the cost of each insurance policy she sells how much does the agent receive for a policy thst cost $300

1 Answer

4 votes

In this question there are several important information's provided. Using these information's it is easy to get the answer to the question asked. Firstly it is already informed that the insurance agent gets a commission of 15% of the policy price for every policy sold. The agent sells a policy of $300.

Now we can write the equation as:

15% of $300 = [(15/100) * 300] dollars

= ( 15 * 3) dollars

= 45 dollars

So the agent gets a commission of $45 for selling a policy worth $300

Related questions

asked Mar 27, 2024 49.5k views
Sammiepls asked Mar 27, 2024
by Sammiepls
7.7k points
1 answer
4 votes
49.5k views
asked May 21, 2024 57.9k views
SIGHUP asked May 21, 2024
by SIGHUP
7.4k points
2 answers
0 votes
57.9k views