Question

A salesperson earns a commission of $464 for selling $2900 in merchandise.

Find the commission rate. Write your answer as a percentage.

Answer 1

16%

Explanation:

To find the commission rate as a percentage, we can use the following formula:

`\boxed{\sf Commission\; Rate\; (\%) = (Commission\;Earned)/(Total\;Sales)* 100}`

In this case:

• Commission earned = $464
• Total sales = $2900

Substitute these values into the formula:

`\sf Commission\; Rate\; (\%) = (\$464)/(\$2900)* 100`

`\sf Commission\; Rate\; (\%) = 0.16* 100`

`\sf Commission\; Rate\; (\%) = 16\%`

Therefore, the commission rate as a percentage s 16%.

Answer 2

16%

Explanation:

Given:

• Commission: $464
• Total selling Price: $2900

To find:

• Commission rate = ?

Solution:

To find the commission rate, we can use the following formula:

`\sf \textsf{Commission rate }= \frac{Commission }{\textsf{otal saling price }}\cdot 100\%`

Substitute the known value:

`\sf \textsf{Commission rate }= (\$464)/(\$2900)\cdot 100\% \\\\= 0.16\cdot 100\% \\\\ = 16\%`

Therefore, the commission rate is 16%.