Answer: Option (C) is correct.
Step-by-step explanation:
Correct option: 7%
Given that,
Total sales amounted = $38,642.00 ( last week total sales)
Commission Received = $2,704.94
Rate of commission =
![(Commission\ Received)/(Total\ sales\ amount)](https://img.qammunity.org/2020/formulas/business/high-school/q2e9lnj5i50i3bxrcih7h1rs41e4x0qyt1.png)
=
![(2704.94)/(38642)*100](https://img.qammunity.org/2020/formulas/business/high-school/ryoaticnixc3mgq7c39c0cnj5413bteq0z.png)
= 0.07 × 100
= 7%
Therefore, the rate of commission is 7%.