The Answer is that the present value of $100 is $100. Because this $100 dollar is deposited today so the time is equal to zero and when time is zero the value of amount is the value of amount itself.
Answer:
The commission rate is of 12%.
Step-by-step explanation:
Commission rate:
The commission rate is given by the commission value multiplied by 100% and divided by the value of merchandise sold.
In this question:
$252 in commission for selling $2100 in merchandise. So
252*100%/2100 = 12%
The commission rate is of 12%.
A very simple example problem to satisfy the required above is,
"John has 8 apples and 17 oranges. How much more oranges does John has than apple?"
To answer this item, one needs to subtract the number of apples from the number of oranges. This is as shown below,
D = 17 - 8 = 9
The concept of "how much more than" is linked to finding the difference between the numbers.
