Question

8 Calculate the commission.
Sold: $125,500
Commission Rate: 2.5%

Answer 1

$3,137.50

Explanation:

$125,500 multiplied by 2.5% = $3,137.50

Answer 2

$3137.50

Explanation:

125,500 / 100 = 1255 (this equals 1% of 125,500)

1255(1 percent) x 2.5 (commision rate) = 3137.50 (total commision)