What is the commission of 1,250 with a commission rate of 5%?
1 answer:
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The total amount of his commission for these vehicles is $ 1686
<em><u>Solution:</u></em>
Given that,
Miles earns a 6% commission on each vehicle he sells
Therefore,
Commission rate = 6 %
Today he sold a truck for $18,500 and a car for $9,600
Therefore,
Commission amount = 6 % of (18500 + 9600)
Commission amount = 6 % of 28100
Calculate the above equation
Thus the total amount of his commission for these vehicles is $ 1686