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A sports agent made one million dollars by charging a 12.5% commission to negotiate a long-term contract for a professional athlete. Find the amount of the contract.
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Feb 2, 2015
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A sports agent made one million dollars by charging a 12.5% commission to negotiate a long-term contract for a professional athlete. Find the amount of the contract.
Mathematics
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Schpet
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$1,000,000 = 12.5% of the contract
"12.5%" means 0.125
"of" means "times"
1,000,000 = 0.125 C
Divide each side by 0.125 :
C = 1,000,000 / 0.125 =
$8 million
Jesse Bakker
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Feb 6, 2015
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Jesse Bakker
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