Question

An online auction company charges sellers a commission fee of 5.25% of an items final selling price. If you sell an item for 55$ what fee will you pay to the auction company ?

Answer 1

The selling price of the item is $55.

The money charged by the auction company is;

`\begin{gathered} 5.25\text{ \% of \$55} \\ (5.25)/(100)*55 \\ =\text{ \$2.89} \end{gathered}`

The fee paid to the auction company is $2.89