Question

Pablo Hernandez, a salesperson, earned $2,562.50 in commissions on $20,500 of product sold to his clients. What is his rate of commission?10.00%11.25%12.50%13.75%None of these choices are correct.

Answer 1

C=x*P

where:

C=comission, in $

x=rate of comission

P=value of products, in $

We know that Pablo earned 2,562,5 in comission, that is total value he earned, or C in our expression

We als

2,562.20=x*20,500

x=2,562,50/20,500

x=0.125=12,5%