Question

A sales person has a commission of $532 for selling $2800 in merchandise what is the commission rate and what is the answer as a percentage

Answer 1

So first we can use a formula to find this out:

Commission amount= sales price* commission percentage

We need to find the commission percentage so we rearrange the equation and plug in the known values:

Commission amount/ sales price = commission percentage

532/2800= commission percentage

Solve the equation: 532/2800= 0.19

0.19 can be converted into percentage as: 0.19*100= 19%

Therefore commission rate= 19%