Answer:
$1,480
Explanation:
To calculate the commission from the sale of $37,000 worth of furnaces with a commission rate of 4%, you can use the following formula:
Commission = (Commission Rate / 100) * Sales Amount
In this case:
Commission Rate = 4%
Sales Amount = $37,000
Plug these values into the formula:
Commission = (4 / 100) * $37,000
Commission = (0.04) * $37,000
Commission = $1,480
So, the commission from the sale of $37,000 worth of furnaces at a 4% commission rate is $1,480.