Question

Phil Smith is a car salesman. Last week, his total sales amounted to 27,650.00,andhereceived27,650.00, and herarecervied 1,382.50 in commission. What is his commission rate?

Answer 1

The commission rate for Phil Smith is 5%.

Step-by-step explanation:

To find the commission rate, we need to divide the commission amount by the total sales amount.

Commission rate = Commission amount / Total sales amount

Commission rate = $1,382.50 / $27,650.00

Commission rate = 0.05 or 5%

Therefore, Phil Smith's commission rate is 5%.