$165.00
$10*4= $40
$40 x 5 = $200
$200- (5 x $7)
$200-35
$165
Answer: $3750
Step-by-step explanation:
Simple interest = $769
Principal = $6000
Rate = ?
Time = 10 months (must convert to years if in months) = 10/12 = 0.833
Formula
I = prt
Substitute
769 = 6000 × r × 0.833
769 = 4998r
Divide both sides by 4998
769/4998 = 4998r/4998
0.15386 = r
(to the nearest tenth of a percent) = 0.15
Therefore, your rate is 0.15%.
Answer:
Each unit cost $800
Step-by-step explanation:
Annual compensation = $48,000
Annual number of units sold = 2000
Commission on each item sold = 3%
Compensation for 2000 units = $48,000
Compensation for 1 unit = $48,000/2000 = $24
Cost of one unit = compensation for one unit ÷ commission on one unit = $24 ÷ 3% = $24 ÷ 0.03 = $800
