Question

An oil painting was sold at an auction house for $6,550. The buyer agrees to pay that price plus a commission called the buyer's premium. For the painting, the

rate for the buyer's commission was 25%.
Part A
Calculate the amount of the commission

Answer 1

Answer: $1,637.5

Step-by-step explanation:You would convert the percentage to a decimal of .25, then multiply that by the buying price.