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A salesperson receives a 5% commission on the sale of each car. If the commission on a car is $2,650, what is the price of the car?

1 Answer

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Final answer:

The price of the car, given a 5% commission of $2,650, is calculated to be $53,000.

Step-by-step explanation:

The question presents a scenario where a salesperson receives a 5% commission on each car sale and asks to determine the price of the car if the commission amounts to $2,650. To calculate this, you need to work backwards from the commission to find the full price.

Let's define the price of the car as 'P'. Since 5% of 'P' equals $2,650, we can write it as an equation: 0.05 * P = $2,650. Solving for 'P' gives us the equation P = $2,650 / 0.05, which results in P = $53,000.

Therefore, the price of the car is $53,000.

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