Question

A salesperson who is paid a 15% commission received $402.75 for a sale. Determine the amount sold.

Answer 1

To determine the amount sold, we can use the formula: Commission received = Amount sold x Commission rate. Therefore, the amount sold is $2685.

Step-by-step explanation:

To determine the amount sold, we can use the formula:

Commission received = Amount sold × Commission rate

$402.75 = Amount sold × 0.15

To find the amount sold, divide both sides of the equation by 0.15:

Amount sold = $402.75 ÷ 0.15

Amount sold = $2685

Therefore, the amount sold is $2685.